Real Estate Basics Study Guide
A practical undergraduate course on real estate fundamentals: property types and ownership, the real estate market, home buying process (financing, mortgages, closing), real estate investment analysis, property valuation methods, landlord-tenant relationships, real estate law basics, and real estate as part of a financial plan.
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12 Topics Covered
Property Types and Ownership Fundamentals
Covers real vs personal property, bundle of rights, freehold and leasehold estates essential for ownership analysis.
Forms of Property Ownership and Title Transfer
Examines joint tenancy, tenancy in common, deed types, title search, and title insurance for transactions.
Real Estate Market Dynamics
Analyzes supply and demand, market cycles, property value factors, and market indicators for investment timing.
The Home Buying Process
Covers affordability analysis, pre-approval, earnest money, inspections, appraisals, and closing procedures for buyers.
Mortgage Financing Fundamentals
Examines mortgage types, loan terms, interest rates, points, PMI, and qualification criteria for financing decisions.
Mortgage Amortization and Refinancing
Covers payment allocation, amortization schedules, refinancing analysis, and reverse mortgages for loan management calculations.
Property Valuation Methods
Analyzes comparative market analysis, cost approach, income approach, and value distinctions for accurate pricing.
Real Estate Investment Analysis
Covers NOI, cap rates, cash-on-cash return, GRM, cash flow analysis, and leverage for investment decisions.
Real Estate Investment Vehicles
Examines 1031 exchanges, REITs structure and types, and crowdfunding platforms for portfolio diversification strategies.
Landlord-Tenant Relationships and Property Management
Covers lease types, tenant rights, eviction process, fair housing laws, and maintenance responsibilities for rentals.
Real Estate Law and Regulations
Examines contracts, agency relationships, zoning, property taxes, eminent domain, and environmental regulations for compliance.
Real Estate in Personal Financial Planning
Integrates real estate as asset class, tax benefits, wealth building, and common investment mistakes analysis.
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