Real Estate/Property Management
Outcomes
- Real Estate/Property Management — A.A.S. Degree 64 credits
- Real Estate/Property Management — Diploma 45 credits
- Property Management — Certificate 16 credits
- General Real Estate — Certificate 16 credits
General Real Estate — Certificate
| Course# | Course Title | Credits |
| PMGT1101 | Real Estate I | 2 |
This course is an introduction to the exciting world of real estate that meets the requirements of 30 hours for pre-licensing education. Topics covered will include real estate and the law, the concepts of home ownership, the laws of agency and the brokerage business, forms of ownership, legal descriptions, and taxes. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1102 | Real Estate II | 2 |
This course meets the requirements for the second 30 hours of pre-licensing education. Topics covered will include listing agreements, buyer representation, real estate contracts, principles of financing, fair housing, environmental issues, and closing the transaction. Prerequisites: PMGT1101. Offered: Fall, Spring, Summer Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1204 | Real Estate III (Law) | 2 |
This course meets the state requirement for Real Estate III. This course presents a practical look at the many laws that affect the ownership, sale, and management of real estate. Principles will be learned by reviewing and discussing actual cases. Special emphasis will be placed on agency law, fair housing, contract law, and any other laws and disclosures that real estate practitioners need to know. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 2.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1205* | Loan Application and Processing | 1 |
This course covers the real estate loan process from pre-qualifying the borrower to determining which types of loans may be available and selecting which type would be best for the borrower. It includes a discussion of what the underwriters are looking for and how to prepare a loan for submittal for approval. A must course for those in, or desiring to be involved in, the financing aspects of residential and commercial real estate. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1207* | Financing Instruments | 1 |
This course covers the many types of financing instruments that are used today to finance the construction and purchase of real estate. It also looks at the specific clauses in mortgages and notes and the impact they have on borrowers and lenders. Special attention will be given to the many creative methods of financing real estate and how each may benefit the buyer and the seller. Prerequisites: None. Offered: Fall, Spring, Summer Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1210 | Appraisal Process | 1 |
This course covers the process the appraiser must go through to comply with the requirements of the assignment. The student will learn that the process used is just as important as the results obtained by the appraisal. The student will also learn how to determine if comparable sales were "arms length transactions." Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1212* | Residential Appraisal Workshop | 1 |
This course reviews the principles of the appraisal process and provides the student with the necessary forms and knowledge to complete a residential single family appraisal report. This course also is approved for 15 hours of real estate and appraisal continuing education. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1224* | Income Capitalization Analysis | 1 |
This course compares the various methods of estimating the market value of income-producing properties. It includes the pros and cons of gross rent multipliers, cap rates, cash on cash returns on investment, and analysis of the impact financing may have on the value of a property to a particular investor. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1228* | Community Association Management | 1 |
This course covers one of the fastest-growing areas of real estate and property management, community association management. Recent statistics indicate that 50% of new residential properties being constructed are in some way a part of an owner's association. This course is a real hands-on, practical course on what you need as a homeowner involved in an association, or a real estate salesperson involved in buying or selling townhomes or condominiums, or a property management professional. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 3 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1232* | Cash Flow Analysis | 1 |
This course covers one of the most powerful tools a real estate investor/appraiser can use. The student will learn how to estimate future performance of income-producing property, and how to evaluate those future cash flows by using present day values. The course will cover capital gains, and the king of all tax shelters, the 1031 tax deferred exchange. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 6 hours per week preparing for class. Attendance is required in this class. | ||
| PMGT1302* | Planning and Operating a Small Business | 1 |
This course is an introduction to the designing, developing, and operating of a small business and/or an independent contractor practice. This is a must course for individuals beginning their careers in Real Estate, Appraisal, Financing, Insurance or Property Management. We start with how to develop a business plan, implement that plan, and conclude with how to make adjustments to keep up to changes in the business environment. Prerequisites: None. Offered: Fall, Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT1304* | Marketing Strategies for Small Business | 1 |
This course covers one of the most important areas of operating a small business or independent contractor practices. The student will learn how to maximize results from a minimal amount of dollars by using proven marketing strategies. A must course for those entering the field of Real Estate, Property Management, Appraisal, Financing or Insurance. Prerequisites: None. Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance is critical in this class. | ||
| PMGT2020* | Negotiating for Agreement | 1 |
This course covers the importance of developing negotiating skills and the basic techniques used in negotiating. We will look at everyday situations and discuss how these strategies can help us in the business world and in some personal situations. Prerequisites: None. Offered: Spring Credit Breakout: 1.00 lecture, 0.00 lab, 0.00 other. Student Expectations: Each student will spend at least 2 hours per week preparing for class. Attendance and participation are critical in this class. | ||
| Total Credits | 16 | |
| Total Program Requirements | 16 |
*These courses have been approved by the Minnesota Department of Commerce for 15 hours of Real Estate Continuing Education.
