Course Descriptions

(Key: Class offered online and/or correspondence)

REAL 120 (3) Real Estate Purchase & Sale Agreements

Prereq: Real Estate License or Instructor/Advisor Permission. A course for new licensees that primarily relates to preparation of the purchase and sale agreement, including the elements that will result in a binding legal document for each transaction. Meets requirements of RCW 18.85.095.(3)

REAL 125 (6) Washington Real Estate Fundamentals &

Course is accepted for 60 clock hours prior to the application for state licensing examination (WAC 308-124H- 035). Provides students with real estate vocabulary, concepts, laws, and information needed to successfully complete the examination.

REAL 135 (3) Principles of Appraising

Introductory course required for appraiser licensing and certification. The course will include the following: methods of assigning value, economic principles impacting appraisals, forms of ownership, appraisal tasks, principle of supply and demand, replacement and reproduction costs, depreciation, and the principles of sales comparison approach and the income capitalization approach. Course will also explore methods for resolving discrepancies between value indicators and will examine emerging issues in the appraisal of real property.

REAL 160 (3) Real Estate Practices

Prereq: Real Estate License Explore agency relationships, listings and pricing techniques, indepth analysis of the purchase and sale agreements, and methods of accurately estimating closing costs for buyer and seller. Property management, fair housing laws, and government considerations, environmental issues, and commercial real estate sales and leasing will also be covered.

REAL 205 (3) Real Estate Brokerage Management

Prereq: Real Estate License Required prior to application for real estate broker’s licensing examination. Practical administration of brokerage, including managerial functions, with special emphasis on budgeting, managing sales, advertising, sales training, and market analysis. Meets requirements of RCW 18.85.090, 18.85.140, 18.85.215, and WAC 308-124H-036.

REAL 235 (3) Appraisal Procedures

Prereq: REAL 135 or instructor permission Class meets the guidelines developed by the Appraisal Qualification Board for basic appraisal procedures. Students will apply the principles learned in “Principles of Appraising” by developing form reports, and also relating this same information to narrative reports. This course includes an overview of approaches to value; valuation procedures; property descriptions; and residential application. Newly adopted Fannie Mae forms will be used in this course.

REAL 240 (5) Real Estate Appraisal Series

Prereq: REAL 135 & 235. This five-credit course is designed to meet Washington State pre-licensing educational requirements for appraisers. Topics include: Part 1: Residential Market Analysis and Highest and Best Use (15 hours), Part 2: Residential Appraiser Site Valuation and Cost Approach (15 hours) and Part 3: Residential Appraiser Report Writing and Case Studies (15 hours).

REAL 250 (3) Real Estate Appraisal Sales Comparison & Income

Prereq: REAL 135 & 235. This three-credit course is designed to meet the Washington State pre-licensing educational requirements for appraisers in Residential Sales Comparison and Income Approaches (30 hours).

REAL 260A (3 or 5) Real Estate Law

Prereq: Real Estate License Required course for broker's licensing examination, introducing the legal system, forms of ownership, title and transfer theory, agency law and contract law. Course includes review of laws impacting the real estate industry.

The Real Estate program Web site is maintained by the office of the Web Manager with information from program staff and faculty. This page was last updated on April 17, 2008; site last reviewed September 24, 2007.