Finance 241
SYLLABUS
Fundamentals of Real Estate
Spring 2008
Classroom:
215DKH
Time:
11:30AM-12:50PM (Section P)
1:00 PM-2:20PM (Section R)
http://www.cba.uiuc.edu/d-sinow
Professor:
David Sinow, JD, PhD
Email:
dsinow@uiuc.edu
Office:
97 Wohlers
Offfice
Phone: 265-4083
Office
Hours: 3:00PM-4:30PM Tuesday or By Appointment
Teaching Assistant: Emily Sobut; esobut2@uiuc.edu
Teaching Assistant Office Hours: To Be Announced
Course
Objectives: 1)
To obtain an understanding of
real estate investment, real estate
finance, and real estate markets
simulated
purchase and sale of a major income property
Text Book: Real Estate Principles and Practices (Required)
Course Packet: Notes & Quotes (NQ: Required)
3
Ring Binder:
You should Purchase a minimum 2 inch binder & 2 packages of
Avery Tabs (Required)
SYLLABUS
|
DATE |
TOPIC |
ASSIGNMENT |
|
1/15 |
Introduction and Basic Concepts |
NQ 1-2; REP Chap. 1-6 |
|
1/17 |
Time Value Concepts/Calculator |
NQ 3-13; REP Chap. 17 |
|
1/22 |
Investment Property Analysis/ Team Formation- Preliminary |
NQ 14-15; REP Chap. 21 |
|
1/24 |
Investment Property Analysis/ Team Formation- Final/Assignment |
NQ 14-15; REP Chap. 21 |
|
1/29 |
Real Estate Simulation Presentation |
NQ 16-41 |
|
1/31 |
Forms of Ownership and Tax Concepts |
NQ 42-53; REP Chap. 7 |
|
2/5 |
Legal Issues in the Purchase and Sale of Real Estate (GS) |
NQ 54-60; REP Chap. 11 |
|
2/7 |
Financing Real Property |
NQ 64-131; REP Chap. 16 |
|
2/12 |
Financing Real Property |
NQ 64-131; REP Chap. 16 |
|
2/14 |
Financing Real Property (GS) |
|
|
2/19 |
Title Insurance: Concepts & Issues |
NQ 132-144; REP Chap. 13 |
|
2/21 |
Property Management Issues (GS) |
REP Chap. 18 |
|
2/26 |
Midterm Review and Team Meetings |
|
|
2/28 |
MIDTERM EXAMINATION |
|
|
3/4 |
Return of Midterm Exam/ Team Meetings |
|
|
3/6 |
Property Management /Class Meetings |
REP Chap. 18 |
|
3/11 |
Initial Reports Due in Class: 3 pages double spaced, 10 copies to be exchanged with other teams |
|
|
3/13 |
Closing Statements |
Class Handout; REP Chap. 14 |
|
3/25 |
Class Determination of Offering price |
Attendance Mandatory |
|
3/27 |
Contracts For Sale and Closing /Direct Negotiation with Seller |
NQ 68-70 |
|
4/1 |
Team Meetings/Class Discussion |
|
|
4/3 |
Team Meetings/Class Discussion |
|
|
4/8 |
Legal Team Presentation; Market Survey Team Presentation |
Team Handouts |
|
4/10 |
Valuation Team Presentation; Financing Team Presentation |
Team Handouts |
|
4/15 |
Property Management Team Presentation; Operational Expense Analysis Team Presentation |
Team Handouts |
|
4/17 |
Closing Team Presentation; Future Projections Team Presentation |
Team Handouts |
|
4/22 |
Final Written Papers Due: 10 pages minimum and 20 pages maximum (2) copies); |
|
|
4/24 |
Real Estate Closing ATTENDANCE MANDATORY |
Class in 370 Wohlers |
|
4/29 |
Final Exam Review/Evaluation Forms |
|
|
|
FINAL EXAM SECTION P: |
To be Announced |
|
|
FINAL EXAM SECTION R: |
To be Announced |