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Determine ownership and transfers of property
Assessment Strategies
by submitting homework assignments
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you define an encumbrance (easements, liens, enroachments, property taxes, special assessments)
you differentiate between real and personal property
you explain the types of ownership under Wisconsin law (i.e., joint tenancy, tenancy in common, marital property)
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Explore transfer of property
Assessment Strategies
by submitting homework assignments
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you explain title insurance (preliminary report, gap insurance)
you differentiate between warranty, quit claim, and personal representatives' deeds
you define a deed
you differentiate between legal and equitable title
you define chattel mortgage and bills of sale
you explore conveyances of real estate property, recording and titles
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Examine land use controls and regulation
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you differentiate between private land controls (e.g. restrictions, deed conditions, covenants)
you differentiate between public land controls (permitted use, conditional use, non-conforming use, variance, setbacks)
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Complete a real estate valuation and market analysis
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you define comparative market analysis
you define market value/assessed value/appraised value
you explore the principle of value
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Apply the mathematics of real estate
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you demonstrate the use of basic mathematical skills involved in real estate calculations
you demonstrate prorations
you calculate property tax payments (mill rate times assessed value)
you identify loan to value rations
you calculate the real estate transfer fee
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Differentiate between laws of agency and antitrust law
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you differentiate between the types of agencies and agents
you identify duties to customers and clients
you identify the termintaion of an agency
you identify the creation of an agency
you differentiate between agency, contracts (WB-!, WB-4, WB-36, real estate agency contracts)
you investigate price fixing
you investigate group boycotts
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Investigate financing of real estate transactions
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you differentiate between the types of loans (fixed, adjustable rate mortgage, balloon mortgages)
you define loan to value ratio, points, loan origination fees, private mortgage insurance
you explore RESPA and illegal kickbacks
you explore government programs (e.g., FHA, VA)
you determine lending requirements
you explore sources for financing (seller/owner, land/installment contracts, primary market)
you explore Regulation Z
you explore secondary mortgage fraud
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Determine types of disclosures
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you identify environmental disclosures
you evaluate disclosures by owners of residential real estate
you identify the condominium disclosure requirements
you identify the Federal lead-based paint disclosure law
you evaluate other disclosure obligations
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Analyze real estate contracts and approved forms
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you identify approved forms and legal advice
you investigate broker obligations to furnish copies and maintain records
you analyze Offers to Purchase (WB-11, WB-13, WB-14, WB-40, WB-41, WB-44, WB-46)
you complete the following: WB-1 residential listing agreement, WB-4 condominium listing agreement, WB-11 residential offer to purchase, WB-14 condominium offer to purchase, WB-36 Buyer's Agency Agreement, WB-40, WB-41, WB-44, WB-45, WB-46 and appropriate addendums to various agreements
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Examine business ethics
Assessment Strategies
by submitting homework assignment
by posting to the discussion board
by participating in classroom discussions
by taking a quiz
Criteria
you investigate fair housing laws (federal, state)
you explore local equal housing opportunities
you investigate providing auxiliary services for the disabled (Americans with Disabilities Act)
you investigate trust accounts and trust account rules
you investigate licensure and supervision of employees
you determine legal effects as they pertain to approved forms
you investigate rental residential practices