CE 121 Real Estate Finance I, CE 122 Real Estate Finance II, and CE 123 Real Estate Finance III
Instructor: Lei Bao
Email: yesbao82@gmail.com
Phone: (671) 487-2101
Web: https://niceonguam.blogspot.com
Office Hours: Mon-Fri 5:00 pm - 9:00 pm
Class Information
Mode: Online
Duration: 9 hours
Credit Hours: 9
Course Description
This course is designed to provide students with an introductory analysis of real estate markets. This class will provide an overview of real estate markets, real estate liabilities, real estate investments and the public policy associated with real estate issues. The class starts with an analysis of real estate markets with emphasis placed on what determines house price movements (including bubbles). This analysis will form the foundation for the rest of the course. We separately analyze residential and commercial properties. In doing so, we focus on real estate property development. The next chunk of the class is spent discussing the pricing of mortgage liabilities. We ask how firms manage interest rates and default risk. We then turn to the role that the government plays in securitizing mortgages. We spend a good fraction of time understanding the secondary mortgage market. We then end the course with advanced commercial real estate issues.
Required Textbook
Lei Bao, Real Estate Handbook for Continuing Education, 1st edition. National Institute of Continuing Education, 2019
Learning Objectives for Students
On completion of the course, students will be able to:
- Understand how finance and real estate principles are related to other business functions.
- Understand the importance of finance to the success of the general economy.
- Identify, analyze, and use sources of local and national financial data and local economic information to be successful in the industry.
- Understand good finance practices and techniques and how to apply them.
Assessment
Students need to complete all of the class assignments. The purpose of the assignments is for you to practice the concepts covered in class. Completing all the homework problems is the best way to practice and prepare for the exam.
You are encouraged to work with others on the assignments. However, do not simply use others to do your work but rather use others to help work through and engage in the concepts.
Exam
There is one final exam. You are expected to be present, seated, and ready to take the exam before the end of the class. You are permitted to use any outside materials, resources, or electronic devices on the exam. The final exam is comprehensive and will be given during a 30-minute block before the end of the class.
Passing Grade & Certificate
The final score of 75% will be considered as a passing grade, and the certificate will be issued to the participant within a week.
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