If you’ve been considering a career in real estate, now is a great time to get started with classes at Lorain County Community College. You can earn a short-term technical certificate at LCCC in preparation to sit for the State Exam.
LCCC offers the classes required by the State of Ohio to become a licensed real estate salesperson. These courses must be completed before you can take the Ohio Department of Real Estate Sales Exam.
An information session on the real estate program will be held at 10 a.m., Tuesday, Jan. 24 in room 209 of the Community Resource Center/Bass Library. Register for the session at www.lorainccc.edu/realestate or call (440) 366-4030.
As a licensed real estate agent you can help people buy and sell homes, office buildings, industrial property and corporation farmland. You may also become involved in property management, land development, mortgage banking, urban planning, real estate counseling, appraisal and research are all aspects of a career in real estate.
A career in real estate provides flexibility and freedom to set your own pace. Income directly reflects your efforts, with no limits on what you can earn. Successful people in real estate are goal-oriented, persevering, self-motivated, ambitious and people-oriented. The rewards of a real estate career are a potential for high earnings, status in the community, autonomy, time freedom, helping people, the intellectual challenge and the satisfaction from those accomplishments.
Working in real estate gives you independence and choices of environment in which to work, such as affiliation with a large or small firm as a listed salesperson. With more experience and upon passing of an additional exam, becoming a real estate broker is the next step. Brokers can own their own businesses and employ other salespeople.
The LCCC courses are taught on weekends and are offered each semester. Real estate courses are offered through LCCC’s Engineering, Business and Information Technologies division and are listed under finance courses.
Spring semester course offerings are:
Real Estate Principles and Practices (40 hours) – FNCE 111
This course familiarizes each student with the principles and practices of the real estate business through study of the nature, importance, and character of land; the real estate market; financing; property ownership; stages in the real estate transaction and appraisal, escrow and title work. Special attention will be given to fair housing, civil rights and ethics.
This course meets four times over two weekends. Class will be held from 8 a.m. to 6 p.m., on Saturday and Sunday, February 4-5 and February 11-12 at LCCC’s main campus in Elyria.
Law of Real Estate (40 hours) – FNCE 112
This course provides the foundation for understanding the legal implications embodied in real estate transactions, contracts, and other relationships. Ohio (local, municipal, and state) real estate law, as well as federal civil rights laws are studied. Land ownership, its components, rights, responsibilities, transfer, and limitations are reviewed within the context of the sales transaction along with the contracts, deeds, and closing the title for the property. Specific attention is given to case law pertaining to housing discrimination, segregation issues, and eliminating the effects of prior discrimination. Course also covers agency law and landlord tenant arrangements.
This course meets four times over two weekends. Class will be held from 8 a.m. to 6 p.m., Saturday and Sunday, February 18-19 and February 25-26 at LCCC’s main campus in Elyria.
Real Estate Finance (20 hours) – FNCE 115
The institutions, methods, instruments, and procedures involved in the financing of real estate, the nature and characteristics of mortgage loans, government influence on real estate finance and the nature of the mortgage market.
This course meets twice. Class times are 8 a.m. to 6 p.m., Saturday, March 4 and Sunday, March 5 at LCCC’s main campus in Elyria.
Real Estate Appraisal (20 hours) – FNCE 118
Appraisal as it applies to single and double family dwellings. This class studies the factors in a property appraisal, which affect value. Approaches to property valuation are covered with emphasis on the market data approach and replacement cost approach.
Use of appraisal techniques to construct an appraisal report.
This course meets twice over one weekend. Class will be held from 8 a.m. to 6 p.m., Saturday, April 1 and Sunday April 2 at LCCC’s main campus in Elyria.
For information about these courses call (440) 366-4030 or visit www.lorainccc.edu/realestate.
Register for courses at www.lorainccc.edu/register, call (440) 366-4030 or register in person at any LCCC location.