Welcome to FIL 260: Real Estate Principles
Instructor: Joseph W. Trefzger
Class meets face-to-face in Spring 2024 semester on Monday and Wednesday. Section 1 is from 11:00 AM to 12:15 PM in room 354 State Farm Hall of Business and Section 2 is from 2:00 PM to 3:15 PM in room 149 State Farm Hall of Business.
FINAL EXAM, Section 1 (meets at 11:00 AM): Thursday, May 9, 7:50 – 9:50 AM in our regular classroom
FINAL EXAM, Section 2 (meets at 2:00 PM): Monday, May 6, 12:10 – 2:10 PM in our regular classroom
Unit 1 Material: The Nature and Value of Real Estate
Topic 1: Introduction (Text reading Ch. 1)
260 Topic 1 Reading: The Economics of Real Estate Principles (please read!!) [It is an old article that still offers many good insights, although the federal income tax laws relating to capital gains on housing sales, as discussed on page 8, have changed for the better.]Download
Topic 2: Land and Its Legal Description (Text reading Ch. 2, pp. 32 – 43)
Topic 3: Rights and Interests in Real Estate (Text reading Ch. 2, pp. 17 – 32; Ch. 3, pp. 58-65)
Topic 4: Restrictions on Real Estate Rights (Text reading Remainder of Ch. 3; Ch. 4)
Topic 5: Deeds and Title Examination (Text reading Ch. 5)
Topic 6: Real Estate Appraisal (Text reading: Ch. 9)
Unit Two Material: The Real Estate Transaction Process
Topic 7: Contracts in Real Estate Transactions (Text reading Ch. 6)
Topic 8: Closing the Real Estate Transaction
Topic 9: Leases (Text reading Ch. 7)
260 Topic 9 Reading: Illinois Landlord & Tenant Rights (from state Attorney General, a few interesting points highlighted)Download
Topic 10: Property Management (Text reading Ch. 10)
Topic 11: Financing Residential and Commercial Real Estate (Text reading Ch. 16)
Topic 12: Mortgage Loan Mechanics (Text reading: Ch. 17, Ch. 18)
260 Topic 12 Graduated Payment Mortgage Loan Example (something extra for those who really get into time value of money)Download
260 Topic 12 Written Homework Assignment With Solutions: Mortgage Loan Computations (to turn in)Download
260 Topic 12 More Written Problems With Solutions (just for additional practice, not to turn in)Download
260 Topic 12 Spreadsheet: Interest Rates and Remaining Principal Owed (just to view, not part of homework)Download
Unit Three Material: Real Estate as an Economic Asset
Topic 13: Economic Aspects of Real Estate Markets (Text reading Ch. 13, Ch. 14)
Topic 14: Real Estate Brokerage (Text reading: Ch. 8)
Topic 15: Home Ownership (Text reading: skim Ch. 15)
260 Topic 15 Supplement: Home Ownership Affordability Monitor from Federal Reserve Bank of Atlanta (various statistics)Download
260 Topic 15 Spreadsheet Homework, Part 1 – Income Tax: Sample Output (it is ok to submit the practice numbers for this assignment)Download
260 Topic 15 Spreadsheet Homework, Part 2 – Pivot Tables: What Output Should Look Like (do not change the data values)Download