Real Estate (REA) at Wytheville Community College

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REA 100 - Principles of Real Estate
Examines practical applications of real estate principles. Includes a study of titles, estates, land descriptions, contracts, legal instruments and concepts, real estate mathematics, financing, agency, appraisal, fair housing, and management of real estate.
Lecture 4 hours per week.
4 credits
REA 110 - Real Estate Sales
Focuses on the fundamentals of sales principles as they apply to real estate. Includes prospect, motives, needs, and abilities to buy real estate.
Lecture 3 hours per week.
3 credits
REA 195 - Topics In
Provides an opportunity to explore topical areas of interest to or needed by students.
May be used also for special honors courses. May be repeated for credit. Variable hours.
1-5 credits
REA 199 - Supervised Study
Assigns problems for independent study incorporating previous instruction and supervised by the instructor.
May be repeated for credit. Variable hours.
1-5 credits
REA 215 - Real Estate Brokerage
Considers administrative principles and practices of real estate brokerage, financial control and marketing of real property.
Lecture 3 hours per week.
3 credits
REA 216 - Real Estate Appraisal
Explores fundamentals of real estate valuation. Introduces the Uniform Standards of Professional Appraisal Practice and the Uniform Residential Appraisal Report formulations, working problems and reviewing actual appraisals. Includes the opportunities available in the appraisal field.
Lecture 3-4 hours per week.
3-4 credits
REA 217 - Real Estate Finance
Presents principles and practices of financing real estate. Analyzes various types of note contracts and mortgage and deed of trust instruments. Covers underwriting of conventional and government insured and guaranteed loans.
Lecture 3 hours per week.
3 credits
REA 218 - Appraising the Single Family Residence
Promotes an understanding and working knowledge of procedures and techniques used to estimate market value of vacant residential land and improved single family residential properties. Emphasizes the proper application of valuation methods and techniques to residential properties and extraction of data from the market for use in sales comparison, cost, and income capitalization approaches to value.
Lecture 2-3 hours per week.
2-3 credits
REA 225 - Real Property Management
Introduces the field of property management. Focuses on the principles of tenant selection and retention, financial management, and building maintenance.
Lecture 3 hours per week.
3 credits
REA 238 - Professional Appraisal Standards
Examines the provisions and standard rules that govern professional appraisal practices. Covers the "Binding Requirements" and the "Specific Appraisal Guidelines" as required by the Uniform Standards of Professional Appraisal Practice.
Lecture 1 hour per week.
1 credits
REA 245 - Real Estate Law
Focuses on real estate law, including rights pertaining to property ownership and management, agency, contracts, transfers of real property ownership, fair housing, and tax implications.
Lecture 3 hours per week.
3 credits
REA 246 - Real Estate Economics
Examines the nature and classification of land economics, the development of property, construction and subdivision, economic values and real estate evaluation, real estate cycles and business fluctuations, residential market trends, rural property and special purpose property trends.
Lecture 3 hours per week.
3 credits