Real Estate

Do you want to own real estate, be a property manager, be a mortgage lender or be a real estate agent? The East Los Angeles College Real Estate business department can help you along your journey to becoming a real estate professional. The real estate courses have been designed for students who plan to enter the field in such areas as sales, brokerage, lending, property management, and escrows. The courses also prepare students to qualify for the real estate sales and brokers examinations.

Take a course and build your knowledge in various real estate fields such as property management, real estate sales and leasing, property development, or mortgage lending.

Skills Certificate:

  1. Real Estate Agent
  2. Real Estate Escrow
  3. Real Estate Sales

Certificate of Achievement:

  1. Real Estate Broker

Associate in Arts Degree:

  1. Real Estate

Real Estate Courses:

Real Estate 01 – Real Estate Principles 
Real Estate 03 – Real Estate Practices 
Real Estate 05 – Legal Aspects of Real Estate I 
Real Estate 07 – Real Estate Finance 1 
Real Estate 09 – Real Estate Appraisal
Real Estate 11 – Escrow Principles 
Real Estate 14 – Property Management 
Real Estate 17 – Mortgage Loan Brokering 
Real Estate 21 – Real Estate Economics 
Real Estate 24 – Common Interest Developments 
Cooperative Education 931 – Real Estate 
Cooperative Education 941 – Real Estate 

Additional Details Regarding These Courses from the ELAC General Catalog:

Real Estate: Skills Certificate, Certificates of Achievement, and Associate Degree in Real Estate. 

Build your resume or follow a well-rounded path toward understanding what it means to be a real estate professional. Here at ELAC, you have several opportunities to build your knowledge and build your resume in real estate so you can be an investor or advance in a real estate and property career.

Real Estate Agent – Skills Certificate (3 Units)
Real Estate Escrow – Skills Certificate  (9 Units)
Real Estate Sales - Skills Certificate (9-11 Units)
Real Estate Broker - Certificates of Achievement (24-26 Units)
Real Estate - Associate Degree Programs (60 Units)

Career Opportunities: Start or run your own real estate business, manage properties or work in real estate services such as real estate escrow, insurance, or finance. 

Real Estate Career:


Real Estate License Exam:

Do you want to transfer into a Bachelor of Science in Real Estate Development program?

Check out the University of Southern California B.S. in Real Estate Development

https://priceschool.usc.edu/programs/undergraduate/bs-red/

Check out the programs at the California State University (CSU) where you can get a business degree and emphasis in real estate.

CSU – Northridge 
https://catalog.csun.edu/academics/blaw/programs/bs-business-administration-iv/real-estate/

CSU – San Bernardino 
https://bulletin.csusb.edu/colleges-schools-departments/business-public-administration/administration-ba/

Real Estate Courses

CSU
LECTURE, 3 HOURS

Note: This course is required by the State of California prior to taking the California State Examination for a real estate salesperson license.

This course partially satisfies the educational requirements of the California Bureau of Real Estate for both Real Estate Salesperson and Real Estate Broker licenses. This is a beginning course in real estate which introduces the student to real estate fundamentals and principles. Major topics covered are: History of real estate in California, contracts, agency, introduction to financing, deeds, liens, and encumbrances, escrow and title insurance, land descriptions, and real estate math.

CSU
LECTURE, 3 HOURS

Note: Real Estate 3 partially satisfies the State educational requirement for the real estate salesperson and broker’s license.

This is a practical course for agents. It offers guidelines in areas such as listing agreement and purchase and sale agreements, pricing property, qualifying the purchaser, agency relationships, financing, title and escrow, appraisal, and other information pertinent to real estate. All salespersons and brokers are required to take this course prior to taking their state licensing examination.

CSU
LECTURE, 3 HOURS

Note: Real Estate 5 partially satisfies the State educational requirement for the real estate salesperson and broker’s license.

A study of those aspects of real property law most commonly encountered by salesmen and brokers in their real estate practice. Among the topics covered are contracts, mortgages, deeds of trust, homesteads, voluntary and involuntary liens, land descriptions, acquisition and transfer of property, easements, as well as a cursory review of the development of real estate law in California.

CSU
LECTURE, 3 HOURS

Note: Real Estate 7 partially satisfies the State educational requirement for the real estate salesperson and broker’s license.

This course covers the principles of real estate money and credit; analysis of money, markets, rates, new regulations and procedures for financing real estate: policies, problems, rules and current trends. Types of lenders, methods of qualifying, uses of mortgages, trust deeds and leases; financial analysis of real properties; and conventional, FHA, Cal Vet and VA loans are also covered. Operation of mortgage companies, insurance companies, and savings and loan associations. Methods of financing properties are emphasized.

CSU
LECTURE, 3 HOURS

Note: Real Estate 9 partially satisfies the State educational requirement for the real estate salesperson and broker’s license.

This is an introductory course covering the purposes of appraisals, the appraisal process, and the different approaches, methods, and techniques used to determine the value of various types of property. Emphasis is on residential and single-unit property.

CSU
LECTURE, 3 HOURS

Note: Real Estate 11 partially satisfies the State educational requirement for the real estate salesperson and broker’s license.

This course partially satisfies the educational requirements of the Department of Real Estate for both Real Estate Salesperson and Real Estate Broker licenses. It is an introductory course, which explains the general procedures followed in real estate escrow with examination and discussion of the concepts of third party neutrality, the contractual relationship, and the role of title insurance and government regulations in the escrow process. Topics covered include who may conduct an escrow, basic escrow processes, deeds, vesting, title insurance, liens and other encumbrances, purchase money lenders, seller financing, and the relevant government laws and regulations.

CSU
LECTURE, 3 HOURS

Note: Real Estate 14 partially satisfies the State educational requirement for the real estate salesperson and broker’s license.

A basic course in the management of income properties, including residential management, shopping center management, office buildings, condominium management, and other types of management. Other topics covered will include negotiating leases, maintenance, landlord/tenant law and other related topics.

CSU
LECTURE, 3 HOURS

This is a basic course for real estate professionals analyzing the income tax aspects of real estate. This course covers the impact of federal and California state income tax on the purchase, sale, exchange, and use of real property. Among the topics covered are: Depreciation of income-producing properties, capital gains tax, installments sales, and 1031 tax-deferred exchanges.

LECTURE, 3 HOURS

This course is an option to complete the state licensing requirements for Real Estate Salesperson and Real Estate Broker. It offers guidelines and training in working in the mortgage loan business as a loan processor, junior underwriter, or loan officer. It provides understanding of the mortgage banking industry and the requirements for conducting a loan brokerage under the Department of Real Estate license. Students learn how to fill out a basic Fannie Mae 1003 loan application, as well as how to qualify a borrower following the Fannie Mae-Freddie Mac underwriting guidelines.

CSU
LECTURE, 3 HOURS

Note: Real Estate 21 partially satisfies the State educational requirement for the real estate salesperson and broker’s license.

This course partially satisfies the educational requirements of the Department of Real Estate for both Real Estate Salesperson and Real Estate Broker licenses. It explains the general principles of economics and how the economy works in the United States and California. The course introduces economic indicators and how they are used in forecasting future economic activity. Topics covered include urban structural relationships, real estate market analysis, economic forecasting, the law of supply and demand and how it relates to real estate, land use controls, and the government’s role in the real estate market.

CSU
LECTURE, 3 HOURS

This course satisfies the educational requirements of the Department of Real Estate for both Real Estate Salesperson and Real Estate Broker licenses. It defines and explains the principles and laws regulating common-interest developments. It compares and contrasts the differences between condominiums, townhouses, own-your-own apartments, stock cooperatives, and other planned unit developments. Topics include the study of the formation, development, management, purchase, sale and lease involving California common-interest developments. The course presents an analysis of state and federal laws that govern the various aspects of common-interest developments and Homeowner’s Associations. This course addresses the problems encountered by owners who live in common-interest developments. This course pays particular attention to recent legal cases that have brought about amendments and additions to the Davis-Stirling Act.