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Len Lin Syllabus Principles

This document is the course syllabus for FIN-351: Introduction to Real Estate taught in the fall of 2013. The course will introduce undergraduate students to fundamentals of real estate including markets, financing, valuation, and legal instruments. The primary textbook is Real Estate Principle: A Value Approach and exams will include in-class and take-home components. Students will work in groups on assignments which make up 5% of the final grade. Exams, including a final, make up the remaining 95% and academic integrity is strictly enforced. The course aims to provide an understanding of real estate markets and preparation for further study.

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103 views3 pages

Len Lin Syllabus Principles

This document is the course syllabus for FIN-351: Introduction to Real Estate taught in the fall of 2013. The course will introduce undergraduate students to fundamentals of real estate including markets, financing, valuation, and legal instruments. The primary textbook is Real Estate Principle: A Value Approach and exams will include in-class and take-home components. Students will work in groups on assignments which make up 5% of the final grade. Exams, including a final, make up the remaining 95% and academic integrity is strictly enforced. The course aims to provide an understanding of real estate markets and preparation for further study.

Uploaded by

JGO
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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COURSE SYLLABUS FIN-351: Introduction to Real Estate Fall 2013 (MW 1:00PM-2:15PM; SGMH 1308) Instructor: Zhenguo (Len)

Lin Telephone: 657-278-7929 Office: SGMH 5139 Email: [email protected] Office Hours: MW 12:00PM-1:00PM or by appointment Personal website: http://business.fullerton.edu/finance/zlin/

Course Objectives: This course exposes undergraduate students to the fundamentals of real estate. Subjects include the nature of real estate and the principles of real estate analysis; an overview of urban real estate markets and how they work; real estate financing and investment analysis; market analysis and the determinants of real estate values; the appraisal process and valuation techniques; the legal instruments involved in real property transactions. Real estate is the single largest component of household assets and represents approximately onehalf of the worlds total economic wealth. The real estate industry generates over 28 percent of US gross domestic product (GDP), creates jobs for nearly 9 million Americans, and is the source of nearly 70 percent of local government revenues. The recent housing boom (2002-2006) witnessed dramatic appreciation of real estate values. However, recent sharp downturn of the real estate market has brought huge impacts to the US households, developers, and Wall Street investors. Many people are interested in learning how to make real estate investment decisions, and some are interested in a career in the real estate industry. The primal goal of this course is to give you an adequate understanding of how real estate markets work, and be equipped for further study in real estate.

Course Materials: The basic textbook is David Ling and Wayne Archer, Real Estate Principle: A Value Approach (McGraw-Hill, 4th Edition). We will cover the majority of the book, subject to time available. The text will be supplemented by additional readings if necessary. Financial Calculator: Many financial calculators are available and their use will be necessary in many instances, including exams. I routinely use a Texas Instruments BA II Plus calculator. You should always bring your financial calculator to class. In addition, familiarity with Excel is essential, too.

Course Grading: Requirement Assignments and Attendance Exam I: 9/25 take-home Exam II: 10/16 in class Exam III: 12/4 in class Final Exam: 12/16 take-home Total Weight 5% 10% 35% 40% 10% 100%

Assignments and Attendance: There will be multiple homework assignments throughout the semester, many of which will be quantitative. Students are expected to work in groups. Each group consists of about 5 students. On the due date, each group only needs to submit one assignment. We will go over the correct solutions during the day the assignment is due. Students are expected to attend each class. Examinations: There are four exams through the semester: two in-class exams and two take-home exams. The in-class exam will be closed book/closed notes, with one cheatsheet allowed. Calculators are allowed and expected to be used; laptops are not allowed. Please note that I reserve the right to change the date of exams as well as their relative weights in determining overall grade. No make-up examinations will be permitted without a written medical excuse or documentation of extraordinary circumstances. Failure to follow these procedures may result in a zero on the unexcused examination. Overall grade will be determined by using a normal curve, i.e., if someone is around the average performance in the class, she/he should expect to receive a grade between C+ (2.3) and B- (2.7), according to the department policy.

Academic Integrity Policy The Department of Finance requires that students engaging in academic dishonesty receive a grade of F. In addition, Department Policy requires that all individuals engaging in academic dishonesty be reported to the Vice President, Student Affairs. Academic dishonesty takes place whenever a student attempts to take credit for work that is not his/her own or violates test-taking rules. Examples of academic dishonesty during test taking include looking at other students work, passing answers among students or using unauthorized notes. When students sitting next to each other have identical answers, especially the same mistakes, this may indicate academic dishonesty. Examples of academic dishonesty on out-ofclass projects include submitting the work of others or quoting directly from published material without footnoting the source. If you have any questions about the proper use of outside sources, please consult with your professor.

Additional Requirements The use of computer and cell phone in the classroom is prohibited without prior authorization. Students are not permitted to use a recording device (audio or video) in class.

Mihaylo College of Business and Economics Assessment Statement The main purpose of the degree program at Mihaylo College of Business and Economics (MCBE) at CSU Fullerton is to provide you with the knowledge and skills that prepare you for a successful career in business. In order to assist us in achieving this goal, we will use a number of assessment tools to track your progress throughout the MCBE curriculum. Please expect to participate in MCBE assessment activities in several of your courses while at MCBE. As you do so, you will assist us in identifying our programs strengths and weaknesses as well as areas for potential improvement. In other words, you are making an important investment in the value of your degree.

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