Catalog: 2015–2016 Catalog Year

# RE 102: Real Estate Math

### General Information

• Name: Real Estate Math
• Discipline: Real Estate (RE)
• Units (Credits): 3
• Transfer Information: Courses with numbers 100 to 299: This course is designed to apply toward a WNC degree and/or transfer to other schools within the Nevada System of Higher Education, depending on the degree chosen and other courses completed. It may transfer to colleges and universities outside Nevada. For information about how this course can transfer and apply to your program of study, please contact a counselor.
• Academic Division: Career and Technical Education
• Prerequisites: None

### Course Outline

#### I: Catalog Course Description

Acquaints students with real estate math problems and develops some skills in the use of hand-held calculators to solve such problems. Includes review of basic arithmetic principles, percent, mortgage math, appraisal and depreciation problems, proration, escrow problems pertaining to closing costs, plus brief introduction to land survey problems and calculations of area.

Note: Non-transferable for an NSHE baccalaureate degree. Non-applicable towards an AA or AS Degree.

#### II: Course Objectives

This course acquaints students with real estate math problems and develops some skills in the use of hand-held calculators to solve such problems. Includes review of basic arithmetic principles, percent, mortgage math, appraisal and depreciation problems, proration, escrow problems pertaining to closing costs, plus brief introduction to land survey problems and calculations of area.

• Demonstrate basic computational skills including basic arithmetic, fractions, and decimal numbers.
• Demonstrate the computational skill applying percents (base, rate, and portion formula), simple, compound, and add-on interest.
• Demonstrate ability to compute monthly payments on amortized loans.
• Calculate the costs involved in obtaining either a fixed or variable rate mortgage loan.
• Compute the measurements of various geometric forms used in real estate land descriptions.
• Compute appraisal value using the three traditional methods.
• Demonstrate the ability to operate the hand-held electronic calculator effectively and master the numerous special functions it offers.

Linkage of course to educational program mission and at least one educational program outcome.

RE 102B--Real Estate Mathematics--meets a General Education Requirement for the following degrees: Associate of Applied Science, Associate of General Studies.

RE 102B promotes the Student Learning Objectives of ensuring that students are able to demonstrate that they:

• Have college-level skills in reading, writing, and oral communication to a level that is appropriate for their degree and/or emphasis.
• Can effectively use college-level mathematical skills.
• Possess adequate problem solving, creative reasoning, and critical thinking skills.
• Are able to utilize effective and efficient learning skills, including locating and evaluating sources of information.