Real Estate (REST)

REST 1100 Real Estate Principles and Practices 3 Credits

This course provides students with a fundamental understanding of real estate principles and concepts in Ohio. General content areas include real property ownership, licensure, contract law, estate and land interests, title transfers and recording, financing principles and practice, escrow and closing statements, appraisal, brokerage, property development, and land use. Additionally, topical presentations include analysis and discussion of current issues, ethics, federal and state regulations, fair housing, environmental issues, practice tips, professionalism, and investments. This course is required for a State of Ohio license in real estate sales.

(3 contact hours)

REST 1200 Real Estate Finance 1 Credit

This course provides students with a fundamental understanding of important real estate finance concepts and practices. General content areas include finance and mortgage lending practices, laws and regulations, primary and secondary mortgage markets, funding sources, financial instruments and recording, conventional, FHA and VA loans, loan processing, interest calculation, foreclosure, and creative financing. Additionally, topical presentations include analysis and discussion of current issues, federal and state regulations, financial services and practice, and financial calculations. This course meets the education requirements for real estate finance necessary to take Ohio’s real estate salesperson’s license exam.

(1 contact hour)

REST 1300 Real Estate Law 3 Credits

This course provides students with a fundamental understanding of important real estate law concepts and practices in Ohio. General content areas include jurisprudence, civil procedure, real and personal property, estates and interests in land, several and joint ownership, deed contracts, finance, foreclosure and liens, closing and title, agency and liability, licensure, fair housing, land control, landlord-tenant law, and estate administration. Additionally, topical presentations include analysis and discussion of current issues, ethics, brokerage and practice, and statutory and case law. This course is required for a State of Ohio license in real estate sales.

(3 contact hours)

REST 1400 Real Estate Appraisal 1 Credit

This course provides students with a foundational understanding of real estate appraisal principles and practices. Students will learn the fundamental concepts of value, the three approaches to appraisal (sales comparison, cost, and income), and the factors that influence property values in the Ohio market. Emphasis will be placed on understanding the appraisal process, interpreting appraisal reports, and recognizing the role of appraisals in real estate transactions. This course fulfills the real estate appraisal pre-licensure education requirements for the Ohio real estate salesperson license exam.

(1 contact hour)