Certificate of Completion in Real Estate: Prelicense

Real Estate & Real Estate Appraisal
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Field of Interest

Field of Interest: Business, Entrepreneurialism, and Management

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.

Details

Details icon Important information you’ll need when applying to MCC:

Academic Career
Credit
Degree/Certificate Type
Career and Technical Certificate
Academic Plan
Real Estate: Prelicense (CCL)
Academic Plan Code
5139N
Total Credits Required
6.5
Catalog Year
2019-2020

What You’ll Learn

This pathway map 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.

Career Opportunities

Successful completion of this program may lead to employment in a variety of different occupations and industries. Below are examples of related occupations with associated Maricopa County-based annual median wages* for this program. Education requirements vary for the occupations listed below, so you may need further education or degrees in order to qualify for some of these jobs and earn the related salaries. Please visit with an academic advisor and/or program director for additional information. You can click on any occupation to view the detail regarding education level, wages, and employment information.

* Career and wage information provided by Emsi using data, reports, and forecasts which are generated using government data sources and Emsi’s proprietary analytical processes. Emsi’s data covers multiple classes of workers including QCEW, non-QCEW, and those who are self-employed. Disclaimer

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

Course Sequence by Term

The following is the suggested course sequence by term. Please keep in mind:

  • The course sequence is laid out by suggested term and may be affected when students enter the program at different times of the year.
  • Initial course placement is determined by current district placement measures and/or completion of 100-200 level course and/or program requirements.
  • Degree and transfer seeking students may be required to successfully complete a MCCCD First Year Experience Course (FYE) within the first two semesters at a MCCCD College. Courses include CPD150, CPD150AC, CPD104, and AAA115/CPD115. Course offerings will vary by college. See an academic, program, or faculty advisor for details.
  • Students should meet with an academic advisor about any concerns that may affect course enrollment.

Part-time Sequence

Part-time status is 11 credit hours or less.

Term 1

A sequence of suggested courses that should be taken during Term 1
Course
Number
Course Name Requisites Notes Credits
(REA179 and
REA180)
or
REA201
(Real Estate Principles I and Real Estate Principles II) or Real Estate Principles I And II 6
REA290AH Real Estate Seminar: Contract Writing 0.5

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Program Information

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General Help

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Disclaimer

Students must earn a grade of "C" or better for all courses required within the program.

Course Sequence total credits may differ from the program information located on the MCCCD curriculum website due to program and system design.

At Maricopa, we strive to provide you with accurate and current information about our degree and certificate offerings. Due to the dynamic nature of the curriculum process, course and program information is subject to change. As a result, the course list associated with this degree or certificate on this site does not represent a contract, nor does it guarantee course availability. If you are interested in pursuing this degree or certificate, we encourage you to meet with an advisor to discuss the requirements at your college for the appropriate catalog year.

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).