This comprehensive course provides a thorough overview of fundamental Real Estate principles and practices, specifically designed to prepare students for the Arizona licensing examination. It covers essential topics including property ownership, finance, valuation, contracts, and the ethical and legal standards required by the Arizona Department of Real Estate (ADRE). Successful completion of this course satisfies the mandatory educational qualification necessary for students to be eligible to sit for the State of Arizona Real Estate test, equipping them with the knowledge required to begin a professional career in the industry.
Prerequisites
Reading proficiency as established by District policy.
1. Identify and recall common elements and terminology used in real estate.
2. Define and differentiate the basic elements and components of real property.
3. Apply knowledge of the essential paperwork involved in standard real estate transactions.
4. Draft and complete foundational real estate contracts.
5. Compute and solve the mathematics associated with common real estate financing scenarios.
6. Articulate the limitations and scope of real property ownership rights.
7. Outline the functions and responsibilities of agency in the real estate business.
8. Analyze and judge appraisal information and valuation methods.
9. Relate environmental risks to the real estate transaction and disclosure requirements.
10. Execute the steps necessary to successfully close a real estate transaction.