Certificate of Completion in Real Estate: Prelicense

Certificate Information

Academic Plan

CCL Real Estate: Prelicense

Academic Plan Code

5139N

Credits

6.5

MCCCD Program Detail

http://aztransmac2.asu.edu/cgi-bin/WebObjects/MCCCD.woa/wa/freeForm?id=125847

Field of Interest

Field of Interest: Business, Entrepreneurialism, and Management

Notice

This certificate has associated pathway maps with course sequence(s). We recommend using them as reference instead of the list below.

Notes

Students must earn a grade of "C" or better for each course listed in the program.
This program is not eligible for Title IV Federal Financial Aid.

The Certificate of Completion (CCL) in Real Estate: Prelicense program is designed to prepare students with the minimum coursework required by the state of Arizona for eligibility to take the state's real estate salesperson's license exam.

Admission Criteria

High school diploma or GED or equivalent.
Current ASSET/COMPASS/ACCUPLACER placement tests reflecting eligibility for the following:

+ CRE101 College Critical Reading and Critical Thinking OR Equivalent

ENG101 First Year Composition OR
ENG107 First-Year Composition for ESL OR Equivalent

MAT112 Mathematical Concepts and Applications OR
Completion of higher level mathematics course OR
GBS131 Business Calculations

What You’ll Learn

This program will help you gain the expertise needed to:

  1. Describe individual rights of, legal interest in, and legal forms of ownership of real property (land), including lending and consumer rights regarding fairness and disclosure.
  2. Describe how property taxes and assessments on real property can be derived.
  3. Describe the role of a real estate brokerage, the fiduciary obligations of a real estate agency, and the role of professional affiliations within the real estate industry.
  4. Define and list the various types of real property insurance common to residential property.
  5. List the methods used to convey title and to search, verify, and record titles in real estate.
  6. Define the fundamental components of various real estate contracts and common security agreements such as mortgages and deeds of trust.
  7. Identify and describe the different types of loans and government-sponsored loan programs, including Federal Housing Authority (FHA) -insured loans, Department of Veterans Affairs (DVA) -guaranteed loans, the role of the promissory note obligation, and the many different sources and ways in which to finance real estate purchases.
  8. Explain the closing process and the purpose for and importance of the escrow period.
  9. Describe real estate leases and the role property management firms play in protecting the owner's investment and satisfying the owner's income requirement.
  10. Identify and describe the three different value approaches used to appraise real property.
  11. Define state licensing laws and other real estate laws, rules, and regulations, including fair housing, American Disabilities Act (ADA), and equal credit opportunity statutes and compliance criteria.
  12. Define land-use control, the value of regional planning activities, toxic substances that have a potential environmental impact, and the importance of environmental impact statements in the development of real property.
  13. Identify and describe various physical characteristics, economic forces, and other social and demographic phenomena that affect the value of real property.
  14. Identify and describe the many different factors that affect investment decisions.
  15. Review the key precepts of contract law.
  16. Review the required elements necessary to produce valid contracts.
  17. Identify and complete basic real estate contracts.

Required Courses

Required courses
Course #Course TitleCredits
Credits:6.5
REA179Real Estate Principles I (3) AND
REA180Real Estate Principles II (3) OR
REA201Real Estate Principles I and II (6)6
 
REA290AHReal Estate Seminar: Contract Writing0.5

Meet with an Advisor

Become a Student

Click here for MCC’s easy-to-use Enrollment Steps.

Before signing up for classes, you’ll want to meet with an academic advisor. Together, you’ll lay out a program and career path that suits you best. This step is essential to your academic success.

This Certificate of Completion is associated with

Disclaimer

All information is administered by the Center for Curriculum and Transfer Articulation at Maricopa County Community College District and published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.

View MCCCD's program website for the Certificate of Completion in Real Estate: Prelicense (http://aztransmac2.asu.edu/cgi-bin/WebObjects/MCCCD.woa/wa/freeForm?id=125847).

Major: 5139N
First Term: 2018 Fall
Final Term: 2020 Summer
Award: CCL
Total Credits: 6.5
CIPS code: 52.1501
SOC codes: 41-9022.00
Initiating College:
Program Availability: - MC, SM
Occupational Area: Finance
Instructional Council:
GPA:
Last Updated: 02/25/2020