REAL ESTATE ECONOMICS

AGENT COLLEGE

45 hours

COURSE DESCRIPTION

Our Real Estate Economics course raises the understanding of why some real estate goes up in value and some goes down. Introduction to economic analysis and policy within the real estate profession. All essential real estate concepts are highlighted for special emphasis. We've selected key topics and reinforced them in this way so that they jump off the page and stand out in your mind.

PREREQUISITES: None

TYPE OF COURSE:
The course is a home study course in book format taken at the student's convenience. Tests and quizzes are done online. The course is available 24 hours a day, seven days per week.

COURSE OUTLINE:

REAL ESTATE ECONOMICS

Chapter 1: Economic Cycles and Appraisal Principles

• Economics
• Supply and Demand
• Inflation and Deflation
• Basic Real Estate and Appraisal Principles
• Chapter Summary
• Terminology

Chapter 2: Economic Theories/Appraisal Concepts

• The Early Economists
• Economic Systems
• Land and the Real Estate Market
• Types of Competition
• Economic and Appraisal Definitions of Value
• Economic Measurements (Tools)
• Real Estate Bubble?
• Chapter Summary
• Terminology
  

Chapter 3: Money and Financing

• Money and Monetary Policy
• The Federal Reserve System (FED): Our Independent Central Bank
• Fiscal Policy (Federal Taxing and Spending)
• Balance of Trade (Imports Equals Exports)
• The Federal Government and Financing
• The Secondary Mortgage Market
• Credit
• Source of Loan Funds
• Lender Crisis
• Other Forms of Loans and Financing
• Chapter Summary
• Terminology
  

Chapter 4: Cities: Their Origins and Growth

• Cities
• Location of Cities
• Growth of Modern Cities
• Growth Patterns of Cities
• Growth Patterns of Cities
• How Cities Continue to Grow
• Chapter Summary
• Terminology

Chapter 5: Problems of the Cities

• Cities
• Other Negative Factors Facing Cities
• What's Happening?
• Chapter Summary
• Terminology

Chapter 6: Overcoming Problems of the Cities

• Overcoming Problems of the Cities
• Economics and Revitalization
• Fighting Blight
• Assistance to Buyers
• Chapter Summary
• Terminology

Chapter 7: The suburbs and Beyond

• What is a Suburb?
• A History of Suburban Growth
• High Growth Areas
• Taxes and the Suburbs
• Nonresidential Growth
• Planned Suburbs
• Suburbs and Minorities
• No Growth or Limited Growth
• The Graying of the Suburbs (Becoming Older)
• Deterioration of the Suburbs
• Transportation Problems of the Suburbs
• Revitalization of the Suburbs
• Boomburgs
• Exurbia (Beyond the Suburbs)
• Chapter Summary
• Terminology

Chapter 8: Government Regulations and Taxes

• Local, State and National Regulations
• Public Housing
• Subsidized Housing
• Anti-Trust Laws
• Rent Control
• Development Subsidies and Fees
• Property Taxes (City and County Taxes)
• Agricultural Property Tax Regulations (Special Treatment)
• Income Taxes (Federal and State)
• Installment Sales and Exchanges
• Is the U.S. Heading Toward Less Government?
• Chapter Summary
• Terminology

Chapter 9: Housing

• Homeownership
• The Housing Marketplace
• The Rental Marketplace
• Special Housing Markets
• Facts About Home Buying
• New Home Speculation
• Chapter Summary
• Terminology

Chapter 10: Nontraditional Housing

• Manufactured Homes
• Modular Homes
• Prefabricated Homes
• Precut Homes
• Shell Homes
• Accessory Dwelling Units (ADUs) (Granny Flats)
• Elder Cottage Housing Opportunity (ECHO)
• Multigenerational Housing
• Co-Housing
• Group Homes
• Lofts
• Build-Up Units (Adding a Second Floor)
• Shared Housing
• Single Room Occupancy (SRO)
• Recreational Vehicle Homes (RVs)
• Rental Rooms
• Retirement Housing
• Assisted Care Facilities
• Life Care Facilities
• Vacation Homes
• Condotels
• Timeshares
• Marina Living
• Chapter Summary
• Terminology

Chapter 11: Farms and Land

• Farmland in the United States
• The Farmland Real Estate Market
• Changes in Agricultural Use
• The Farm Crisis of the '80s
• Modern Threat to Agriculture
• Land
• Chapter Summary
• Terminology

Chapter 12: Nonresidential Real Estate

• The Economy and Value
• Location Analysis
• Types of Leases
• High-Rises
• Office Buildings
• Hotels
• Retail Space
• Industrial Property
• Changes in Use
• Nonresidential Investors
• Asbestos Affects Salability
• Chapter Summary
• Terminology

Chapter 13: Planning and Land Control

• City and County Planning
• Environmental Problems
• Zoning and the Developer
• Other Planning and Land Issues
• Chapter Summary
• Terminology

Chapter 14: The Economics of Development

• Basics of Property Development
• The Development Industry
• The Development Entrepreneur
• Dangers of Growth Limitations
• Billboards and Development
• Speculator's Risk and Development
• The Economics of Development - Profit
• Financing the Development
• Recreational Developments
• Chapter Summary
• Terminology

Chapter 15: Economic Decision Making and Fair Housing

• Financial Forecasting
• Investment Alternatives
• Pricing
• Rental Decision
• Housing Development Decisions
• Financing Decisions
• Other Economic Decisions
• Noneconomic Decisions
• Fair Housing
• Chapter Summary
• Terminology
  

Index

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