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Real Estate

Continuing Education

Student Alert: 356 BCC courses renumbered and/or renamed starting summer 2008. For example, Speech 200 is now Communication Studies 210. If you have taken courses at BCC prior to summer 2008, visit our Common Course Number Advisory website to learn more and view a list of changed courses.

R EST 130 Principles of Real Estate . 5 CR
Entry-level course designed for buyers, sellers, investors and preparation for the Washington State Real Estate Salesperson Exam. Legal titles and instruments, finance, appraisal, contracts, agency and land economics are covered. Same as BUS 130. Either R EST 130 or BUS 13O (prev G BUS 130) may be taken for credit, not both.
R EST 131 Real Estate Finance . 3 CR
Students learn the policies, problems, and methods involved in financing real property. Covers loans and lenders, debt and security, money markets, financing alternatives, and institutional and governmental sources of funds. Recommended: R EST 130.
R EST 133 Real Estate Law . 3 CR
Introduces common law and Washington statutes governing real estate. Other topics include: acquisition, encumbrances, transfer, and rights and obligations of the parties. Course is required for those seeking a Washington State Brokers License. Recommended: R EST 130.
R EST 134 Real Estate Sales Practices . 3 CR
Essentials of salesmanship and advertising specifically as it relates to real estate. Students learn the qualification of clientele, listings, sales techniques and agreements, agency relationships, and time management.
R EST 137 Real Estate Financial Calculator . 1.5 CR
Introduces the student to calculator functions and the input of data to achieve a desired result. The course incorporates basic real estate investment and financial data to obtain an investment strategy analysis. Course uses the HP12C calculator. Recommended: R EST 130.
R EST 140 Standards of Professional Appraisal Practice . 1.5 CR
Focuses on the requirements for ethical behavior and competent performance set forth in the Uniform Standards of Professional Appraisal Practice under Washington State law as administered by the Department of Licenses, Appraisal Division. The course is currently required for appraisers every two years.
R EST 141 Foundations of Real Estate Appraisal . 3 CR
An introductory course required for appraiser licensing and certification. Provides the foundation necessary to progress through increasingly complex course work. Real estate professionals learn basic understanding of appraising and appraisal methods. Recommended: R EST 130.
R EST 142 Appraisal of Residential Property . 3 CR
Students acquire a working knowledge of the procedures and techniques required to estimate the value of single-family residences by using the market data approach to appraising. This is the second course in the appraiser certification series. Recommended: R EST 141.
R EST 143 Real Estate Appraisal Methods . 3 CR
Course focuses on the particular aspects of property that create value. Emphasizes the methods used to apply the sales comparison on cost approaches. Direct capitalization is demonstrated with emphasis on income/expense analysis. This is the third class in the appraiser certification series. Prerequisite: R EST 142 or permission of instructor.
R EST 144 Appraising Income Property: Capitalization . 3 CR
Students learn the procedures used to analyze data to derive sound value estimates for income producing properties. Topics include: the significance of data, the derivation of information, and the interpretation and testing of mathematical conclusions. This is the fourth class in the appraiser certification series. Prerequisite: R EST 143 or permission of instructor.
R EST 146 Appraising Apartments . 3 CR
Covers the appraisal of multi-family dwellings with particular emphasis on the small (2-20 units) building. Students are expected to complete appraisal reports on a small and medium size apartment structure. Prerequisite: R EST 143 or permission of instructor.
R EST 150 Real Estate Business Management . 3 CR
Covers the considerations and strategies necessary to open ones own business. Recommended for real estate agents-especially 100% agents, appraisers, and mortgage loan officers. Topics include: business planning and financing, site location, technology, office management, marketing, and growth and strategic planning. R EST 150 is required for the Washington State Real Estate Brokers Exam.
R EST 151 Real Estate Brokerage Management . 3 CR
Students learn the legal requirements and liabilities involved in operating a real estate brokerage. Topics include: trust accounting and record keeping, recruitment and training, agent retention, and productivity. R EST 151 is required for the Washington State Real Estate Brokers Exam. Prerequisite: R EST 130 or sales license.
R EST 160 Real Estate Escrow . 3 CR
Covers the basic concepts of closing a real estate transaction. Students learn to deal with title problems, lien rights, escrow and agency law, and the accounting function of escrow. Students study the interrelationships of escrow, real estate, mortgage lending, and law. Problem cases covered in the course include cash, contract and assumption sales, and conventional, FHA and VA mortgage loans. Recommended: R EST 130.
R EST 161 Advanced Real Estate Escrow . 3 CR
Continues R EST 160 and covers more complicated areas of escrow. Topics include: exchanges, wraps, mobile homes, personal property, equity interests, condos and co-ops, and various mortgage closings. Prerequisite: R EST 160 or permission of instructor.
R EST 165 Land Titles Insurance & Clearance . 3 CR
Beginning course in the title insurance series for mortgage loan officers and processors, escrow officers and closers, and real estate agents. Topics include: title insurance and coverage, liens, exceptions, and clouds that affect real property, formal and informal methods of title clearance, and legal rights and responsibilities. Recommended: R EST 130.
R EST 166 Land Titles: Examining . 3 CR
Covers the why, what, where, and how of searching land titles. Students compile all relevant data from public records and examine titles for all insurable and uninsurable matters including liens, court matters, and other encumbrances. A "chain of title" is constructed. Recommended: R EST 130.
R EST 170 Mortgage Loan Underwriting . 3 CR
Covers the process of mortgage loan assessment and approval/rejection, and the analysis of assets, income, credit, and debt. Other topics include: FHA, VA and conventional mortgages and FNMA guidelines. Students conduct risk analyses of mortgage case files. Recommended: R EST 130 or currently employed in escrow or related mortgage field.
R EST 171 Mortgage Loan Processing . 3 CR
Students learn the basics of processing various types of FHA, VA and conventional mortgage loans. Topics include: buyer qualifications, credit, income and asset verification, balancing speed and accuracy, dealing with realty agents, escrow and mortgage loan officers, and the idiosyncrasies of lenders. Course is recommended for all escrow and mortgage personnel. Recommended: R EST 130.
R EST 172 Mortgage Loan Officer . 3 CR
Prepares students for a career in mortgage lending as a real estate loan officer. Topics include: all applicable FNMA requirements and documents, the basic loans, consumer benefits, and borrower qualifications. The student also creates a personal marketing plan. Recommended: R EST 130 and 150.
R EST 230 Commercial Real Estate Practices . 3 CR
Designed for the potential commercial investor or agent. Focuses on the various types of commercial real estate dealings and investments. Students examine industrial, office, and retail leasing: investment, mobile home, and apartment sales. Thirty clock hours. Recommended: R EST 130.
R EST 232 Commercial Leasing . 3 CR
Assists the real estate practitioner to match users and properties through the interview process; to develop marketing techniques for various types of properties, and to understand commercial lease clauses to better serve the owner and tenant of the properties. The following types of property and their respective lease terms are analyzed: office, retail, distribution, warehouse, and medical. Recommended: R EST 130.
R EST 234 Real Estate Foreclosures . 1.5 CR
Examines the legal and judicial foreclosure process. Includes the statutes and common law affecting the foreclosure of real property and an examination of the financial and value judgments necessary to determine whether the purchase of a foreclosed property is a viable investment.
R EST 235 Real Estate Investment Strategy . 3 CR
Students learn the fundamentals of analyzing real estate investments. Covers the various elements in the analysis process and their interrelationships. Students examine how the investments and their changing characteristics relate to their own goals and financial circumstances. Recommended: R EST 130.
R EST 240 Land Planning & Development . 3 CR
Introduces students to legislation, ordinances, and procedural requirements involved in land use and development processes. Topics include: areas of zoning, subdivision, comprehensive planning, environmental and land use legislation, highest and best/most probable use, and building and land economics. Prerequisite: R EST 130 or sales license or permission of instructor.
R EST 241 Advanced Land Planning & Development . 3 CR
A continuation of R EST 240. Covers residential subdivision and commercial development through case studies, problem analysis, and income evaluation on site-specific developments. Prerequisite: R EST 240 or permission of instructor.
R EST 251 Residential Property Management . 4 CR
Geared to the professional property manager, rather than the on-site manager, and covers the management of all types of residential and multi-residential properties. Additional outside class time is required for development of an apartment management plan. Course is identical to the Institute of Real Estate Management Course 202 and successful students receive an additional five elective credits toward a Certified Property Manager (CPM) designation.
R EST 252 Commercial Property Management . 3 CR
Focuses on the application of the management, operation, and leasing procedures of shopping centers, offices and medical buildings, and industrial properties. Course is identical to the Institute of Real Estate Management Course 203 and successful students receive an additional five elective credits toward a Certified Property Manager (CPM) designation.
R EST 299 Individual Studies in Real Estate . V1-10 CR
Covers directed readings, special projects, and independent study by an individual student. May be repeated for a maximum of 15 credits. Prerequisite: Approval by Real Estate Director.