Course Number: RE 141 Section/Unit/Code:
5020
Units: 3.0 Wednesday
Evening 7:00-9:50pm Room 315
Spring Semester 2006
Mt. San Jacinto Community College
Temecula Center-2 TC-2
Chapparal High School, Room 315
27215 Nicolas Road
Temecula, CA 92591
MSJC Web Site: http://www.msjc.edu
Please visit this site. It is fun and will benefit you! You all have e-mail available at this site; do not leave e-mail messages for me at this site.
Contact with College: Richard Collins, Dean of Instruction, Career Education & Categorical Programs (951) 672-6752 X-1698.
Instructor: Paul Guess
Associate Broker,
Prudential California Realty
Paul's Office: 527 Encinitas Blvd., Suite 100
Encinitas, CA 92024
(760) 634-4200 FAX (760) 943-0183
Home Office: Bonsall, CA 92003-7004
(760) 639-4663 (760) NEW-HOME
FAX: (760) 940-6329
Internet Web Site: http://www.tpguess.com
E-Mail: guess@tpguess.com
Please call me Paul
The best way to reach me is call me direct: 760-639-4663, or e-mail me. I do not use campus voice mail or e-mail.
Catalog Description
Prerequisites: None Recommended Preparation: Completion of Real Estate Principles or in the Real Estate Business currently.
Course Description
A study of the field of real estate with an emphasis on how to make a living... including contracts, disclosures, contacts, establishing a client base and general real estate practices including ethics and agency.
If you would like to submit an evaluation of this course and/or your instructor to the Department of Real Estate (DRE) you will need to have Adobe Acrobat Reader (available free at http://www.adobe.com/products/acrobat/readstep2.html) installed on your computer.
You can provide your evaluation by:
1. Going to http://www.dre.ca.gov
on
the Internet and looking for the link to “Course and Instructor Evaluation”
which is located at the bottom of the right sidebar. Click on the
link, complete the form, and then click on the “Send Your Evaluation to
the DRE” OR:
2. Going directly to http://secure.dre.ca.gov/pdf/re318a.pdf
on the Internet, completing the form, and then clicking on the “Send…”
button will send your completed form directly to the DRE. To complete the
form, you will need to know that the course type is pre licensing; the
date that the course is taken (Summer, Fall or Spring and the year).
The method of presentation is live; the course provider is Mt. San Jacinto
Community College and the name of the instructor is Paul Guess.
Upon completion of the course, the student will be able to complete, understand and explain:
1. A broker salesperson independent agency agreement Listing Package:
a. Listing Contract (Exclusive Agency and Right to Sell Listing)2. Offer:
b. Agency Disclosure
c. Seller's Advisory
d. Statutory and Contractual Disclosure
e. Earnest Money Deposit Management
f. Transfer Disclosure
g. Commission
h. FIRPTA
i. Transfer Disclosure
j. Lead-Base Paint
k. Compliance with Water Heater and Smoke Detector Disclosures
l. Additional Disclosures
m. Provide all additional materials to a seller, including a seller's net proceeds estimate.
n. The Purchase Contract (Deposit Receipt)The Instructor's Objective: To provide you with a very fast start in the Real Estate Business... as important ... give you the tools to become a top producer.
o. Buyer's Agency
p. Buyer's Advisory
q. Wood Destroying Pest Inspection and Allocation of Costs
r. Counter Offer(s)
s. Trust Account Fund Handling
t. The Etiquette of Presenting Offers.
Text: “California Real Estate Practice... the 'How To' book”, Walt Huber, 5th Edition, Available at Menifee campus bookstore and the San Jacinto campus bookstore. ISBN 0-916772-28-4. In the event the text book is out of stock at the book store... it may be purchased on line at http://www.etcbooks.com or call them at 626-339-7733.
Class Outline
Week 1: January 25, 2006: Introduction to the Class, Handle Logistics of registration, Begin Lecture on Chapter 1 “The Salesperson”. Hand out Vocabulary for following week.
Week 2: February 1, 2006: Logistics of Add/On Registration, Complete Lecture on Chapter 1. Vocabulary Quiz on Chapter 1 , Begin lecture on Chapter 2, “Prospecting".
Week 3: February 8, 2006: Complete lecture on Chapter 2, Vocabulary Quiz on Chapter 2 . Begin Lecture on Chapter 3 “The Listing Agreement”, Vocabulary Quiz on Chapter 3 .
Week 4: February 15, 2006: Lecture on Chapter 4 “Breakdown of the Listing Agreement”, Vocabulary Quiz on Chapter 4 .
Week 5: February 22, 2006: Lecture on Chapter 5 “Selling”, Vocabulary Quiz on Chapter 5 .
Week 6: March 1, 2006: Lecture on Chapter 6 “The Purchase Offer”, Vocabulary Quiz on Chapter 6 . Begin lecture on Chapter 7 "Additional Forms for the Purchase Contract".
Week 7: March 8, 2006: Complete Lecture on Chapter 7 “Additional forms for the Purchase Contract”, Vocabulary Quiz on Chapter 7. Mid Term Review 2nd half of class.
Week 8: March 15, 2006: Mid Term Exam Mid Term will cover Chapter's 1-7 only!
Week 9: March 22, 2006: Lecture on Chapter 8 “Finance”, Vocabulary Quiz on Chapter 8.
Week 10: March 29, 2006: Lecture on Chapter 9 "Escrow", Vocabulary Quiz on Chapter 9 .
Week 11: April 5, 2006: Spring Break, No Class Meeting!
Week 12: April 12, 2006: Lecture on Chapter 10 "Taxation", Vocabulary Quiz on Chapter 10.
Week 13: April 19, 2006: Lecture on Chapter 11 "Investing". Vocabulary Quiz on Chapter 11.
Week 14: April 26, 2006: Lecture on Chapter 12 “Sale of a Business”, Vocabulary Quiz on Chapter 12 .
Week 15: May 3, 2006: Lecture on Chapter 13 "Property Management", Vocabulary Quiz on Chapter 13. Lecture on Chapter 14 “Real Estate Assistants”, Vocabulary Quiz on Chapter 14.
Week 16: May 10, 2006: Lecture on Chapter 15 “Licensing, Ethics, and Associations”, Vocabulary Quiz on Chapter 15 .
Week 17: May 17, 2006: Review of Entire Course for Final Exam
Week 18: May 24, 2006: Final Exam No Scantron, just pencil and conforming calculator.
Final Grades will be posted to http://www.msjc.edu no later than May 31, 2006.. You may order a transcript of your grades from this site as well.
Assignment Schedule
Week 1: Get registered, get text, pay attention in class and take notes.
Week 2 Through Week 18: Prior to coming to class: Read Assigned Text, Take Ownership of the Key Terms. Complete “Multiple Choice” quiz in the book at the end of each assigned Chapter. Visit all on-line sites from text and use the organization of the text to your benefit. Know the Summary Pages.
For Example: Week 2, February 1, 2006 Come to class having read Chapters 1 and 2, completed both “Key Terms” and “Multiple Choice” for Chapters 1 & 2.
Complete and turn in each week the Vocabulary Quiz for that week.
This approach will improve your ability to ask questions during lecture, will increase repetitive contact with the subject matter, will allow for time to do Mid Term Review and full class meeting for Final Exam Review.
Grading Policy
15 Weekly exams, of 10 multiple-choice vocabulary questions will be averaged and constitute 15% of your grade. The mid-term, 25 multiple-choice questions will count as 15% of your final grade. The Final Exam, 100 multiple-choice questions will constitute 40% of you grade. Weekly exams, turned in will constitute attendance taking versus a roll call.. 20% of your grade will be the mandatory completion of the "Outside Class Projects" found on line at http://www.tpguess.com/Project.htm . The Outside Class Project will be 20% of your grade... but if not completed and turned in on time... will result in an F in the class. 10% of your grade will be Personal Evaluation by the instructor based on attendance, punctuality, participation, enthusiasm, and initiative. Grading as follows: A = 100% - 90%, B = 89.9% - 80%, C = 79.9% - 70%, D = 69.9% - 60%, F = 59.9% or less.
Note: If you do not do the non graded assignments at the end of each chapter… you are going to have a terrible surprise on the mid-term… and an uphill battle for the final.
First Offense: An automatic “F” (Zero) on the assignment or examination in question and notification that a second occurrence will result in removal from the class. Turning in a weekly vocabulary exam for another student will be considered cheating for both students.
Second Offense: Instructor drops student from class and notifies campus administrator of that action.
Attendance Policy
You are expected to attend class every week. Not all textbook material will be covered in class. If you leave early this will be taken into consideration by the Instructors Evaluation. Two unexcused absences will be considered a drop. Maximum number of excused absences (3) . The Instructor does not take responsibility for verifying that your add paperwork and fees have been handled correctly. You must verify on the College Web site that you are added to the class if your were not originally enrolled. The Instructor does not take responsibility for making sure your “drop” is handled as a drop. If you decide to drop the class for any reason, it is your personal responsibility to make sure your records reflect accurately your decisions. Weekly Vocabulary Exams may not be turned in late...NO EXCEPTIONS.