General Information

• Name: Real Estate Math
• Discipline: Real Estate (RE)
• Units (Credits): 3
• Schedule History: See when this course was offered over the last three years.
• 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: Social Science, Education, Humanities & Public Service
• 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.

III: Course Linkage

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

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

RE 102B promotes Student Learning Outcomes:
1. have college-level skills in reading, writing, and oral communication appropriate to their degree and/or emphasis.
2. can use appropriate college-level mathematical skills.
3. have problem solving, creative, and critical thinking skills.
4. have effective and efficient learning skills, including the location and evaluation of information.