RELE 1201: Principles of Real Estate I

RELE 1201 is a beginning overview of licensing as a real estate broker or salesperson. Includes ethics of practice as a license holder, titles to and conveyance of real estate, legal descriptions, deeds, encumbrances and liens, distinctions between personal and real property, appraisal, finance and regulations, closing procedures, and real estate mathematics. Covers at least three hours of classroom instruction on federal, state, and local laws relating to housing discrimination, housing credit discrimination, and community reinvestment. Fulfills at least 30 of 60 hours of required instruction for salesperson license.

End-of-Course Outcomes:  
    1. Define the principles of real estate and how they apply to the real estate industry; 
    2. Describe titles to and conveyance of real estate;  
    3. Discuss legal descriptions, deeds, encumbrances and liens;  
    4. Discuss Texas Real Estate License Act (TRELA0
    5. Distinguish differences between personal and real property;  
    6. Outline the federal, state, and municipal laws related to discrimination in the real estate. 

Student Learning Objectives:  

1.1 

Define real estate terms. 

1.2 

Identify the parameters of a valid contract. 

1.3 

Determine and identify the stages of a contract. 

1.4 

Identify contract law and how a contract is created. 

1.5 

Identify Texas promulgated forms used for a contract. 

1.6 

Identify career opportunities 

1.7 

Identify the employment relationship between a broker and their principle 

1.8 

Describe the principle and agent relationship and with the law of agency in general. 

2.1 

Define and describe real estate as it pertains to a transaction. 

2.2 

Describe how ownership of real estate is conveyed from one owner to another. 

3.1 

Explain methods of dividing the land. 

3.2 

Discuss general and legal information concerning rights and interest. 

4.1 

Identify TREC licensing requirements. 

4.2 

Describe how a given right or interest in land is held by one or more individuals. 

5.1

Identify what is real property and what is personal property.

6.1

Identify possible violations of the federal fair housing act. 

6.2

Identify discrimination and protected classes.