Real Estate Investing Certificate - Program Information Langara College - Continuing Studies
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Real Estate Investing Certificate Program Information Langara College – Continuing Studies 100 West 49th Avenue Vancouver, B.C. V5Y 2Z6 Telephone: 604-323-5322 Website: www.langara.ca/real-estate
Langara College Real Estate Programs Real Estate Investing Certificate For course or program advice call John Neuls at 604-323-5409 or email real-estate@langara.ca Table of Contents Program Description page 2 Required Courses page 2 Starting the Program page 3 Completing the Program page 3 Class Times and Location page 4 Tuition and Books page 4 Course Descriptions page 4 Schedule and Registration Information page 6 Course Planner page 7 Program Description This part-time program was developed to provide students in these Continuing Studies’ courses to work towards a real estate certificate at Langara that will equip them with the knowledge to become a successful real estate investor. The courses examine the principles and techniques of real estate valuation, mathematics, finance, law, and the foundation in real estate entrepreneurship. Required Courses The program includes six required courses, as follows: Required Courses (6) Real Estate Law PROP 1004 – 39 hours (3.9 CEUs/ILUs) Real Estate Appraisal PROP 1005 – 39 hours (3.9 CEUs/ILUs) Real Estate Finance PROP 1023 – 39 hours (3.9 CEUs/ILUs) Real Estate Mathematics PROP 1024 – 39 hours (3.9 CEUs/ILUs) Real Estate Investment Analysis PROP 1020 – 39 hours (3.9 CEUs/ILUs) Building Design & Construction PROP 1073 – 18 hours (1.8 CEUs/ILUs) Elective Courses (Choose 2) Real Estate Development PROP 1033 – 15 hours (1.5 CEUs/ILUs) Commercial Lease Analysis PROP 1061 – 12 hours (1.2 CEUs/ILUs) Real Estate Investing courses (all 3 must be taken to equal one elective): o Condo Investing PROP 1071 – 6 hours (0.6 CEUs/ILUs) o Commercial Property Investing PROP 1072 – 6 hours (0.6 CEUs/ILUs) o Buying Income Properties PROP 1035 – 9 hours (0.9 CEUs/ILUs) Students may register in any individual course. 2
Langara College Real Estate Programs The core courses examine the principles and techniques of real estate valuation, mathematics, finance, investment analysis, and law. The elective courses offer students some latitude to develop their knowledge in different areas of related expertise, such as real estate development, commercial lease analysis, condo investing, commercial property investing, and buying income properties. See page 6 of this brochure to locate current information on course dates and registration procedures. Course descriptions and fees begin on page 4. Also see the Course Planner on page 7 for courses offered by semester. Starting the Program Students may begin the program in any semester by registering in one of the available program courses. Registration is on a course-by-course basis each semester. There is no program application/admission procedure. The entrance requirement for any program course is completion of British Columbia Grade 12 or equivalent, or 19 years of age or older. Students should be able to read and write English at the Grade 12 level in order to successfully complete the assignment and reading requirements in each course. Prerequisites include the following courses: PROP 1037 Real Estate Math Tutorial; and BSAD 1029 Microsoft Office. Completing the Program To earn the certificate, students must complete the required core and elective courses within a five-year period with a minimum grade of C (60%) in each course. Upon successful completion of all required courses, students may apply for the certificate at the Continuing Studies office. A student who takes one course per semester will complete the entire certificate program in about two and ½ years (8 semesters). A student who is working fulltime should only take one course per semester. A student who is not working could take two or more courses per semester and complete the entire certificate program in less time. See the Course Planner on page 7 for course offerings by semester. Note: These courses involve a great deal of homework to complete readings, assignments and project work. Students should allow about 3 to 5 hours per course. Class Times and Location Most courses hold classroom sessions one evening per week over a 10 or 13 week period. Some courses hold classroom sessions on Saturday. All classes are held at the Langara College campus at 100 West 49th Avenue in Vancouver. Room numbers are posted on the ‘room screen’ next to the Continuing Studies office. 3
Langara College Real Estate Programs Tuition and Books Tuition is paid on a course-by-course basis upon course registration at the start of each semester. The total tuition for all courses in the certificate program is $4,714. Tuition is subject to change. Tuition for individual courses is listed at the end of each course description (see below). The total cost for textbooks is approximately $865 (plus tax as applicable). Textbooks are available in the Langara College Bookstore at the start of each semester. The Bookstore telephone number is 604-323-5525. Bookstore information is also available on the College website (www.langara.ca ). Course Descriptions Note on Course Scheduling: Courses normally run one 3-hour classroom session per week on a weekday evening or a Saturday. For example, a 36-hour course may run over 12 weekly sessions at 3 hours per session. See page 6 to locate current scheduling information. Also see the Course Planner on page 7. Tuition is subject to change. Required Courses (6) Real Estate Appraisal PROP1005 – 39 hours (3.9 CEU/ILU) Learn concepts and techniques for appraising real estate value. This course is designed for persons who want to work in the areas of appraisal and assessment. Topics include: the appraisal profession, the appraisal process, property analysis, market and use analysis, valuation methods, value reconciliation, and report writing. Note on AIC/UBC/RECBC Transfer: This course meets Appraisal Institute of Canada, Trading Services License transfer for Real Estate Council of BC, and UBC BUSI 330 requirements. This is a required course in the Langara College Real Property Analyst Certificate program. $695 Real Estate Finance PROP 1023 – 39 hours (3.9 CEU/ILU) Students will apply the principles of real estate financial analysis to a variety of topics, including: residential and commercial loan underwriting, loan refinancing and creative real estate financing methods. Strongly recommended that PROP 1024 is completed first. Calculator HP 10Bii+ required. This course meets Real Estate Council of BC and UBC BUSI 221 requirements. $695 Real Estate Law PROP 1004 – 39 hours (3.9 CEU/ILU) Learn British Columbia real estate law and professional standards of conduct. Topics include: judicial system, torts, contracts, agency, interests in land, title registration, property transactions, mortgages, residential and commercial tenancies/stratas, land use regulation, and professional responsibility. Note AIC/UBC/RECBC Transfer: This course meets Appraisal Institute of Canada, Trading Services License transfer for Real Estate Council of BC, and UBC BUSI 111 requirements. This is a required course in the Langara College Real Property Analyst Certificate program. $695 4
Langara College Real Estate Programs Real Estate Mathematics PROP 1024 – 39 hours (3.9 CEU/ILU) This course introduces the techniques of investment and statistical analysis in a real estate context. Topics include: statistical techniques, cash-flow analysis, discounting, compounding, and the mathematics of real estate finance and investment analysis. There is also a brief overview of graphing and surveying. Note on AIC/UBC/RECBC Transfer: This course meets Appraisal Institute of Canada, Trading Services License transfer for Real Estate Council of BC, and UBC BUSI 121 requirements. Calculator HP 10Bii+ required. This is a required course in the Langara College Real Property Analyst Certificate program. $695 Note: We strongly recommend that all students take the PROP 1037 RE Math Tutorial prior to taking PROP 1024 to ensure successful completion. Real Estate Investment Analysis PROP 1020 – 39 hours (3.9 CEU/ILU) This course explains valuation techniques for income-producing real estate, including the income method of appraisal, tax consequences of real property ownership, and portfolio analysis methodology. Note on AIC/UBC/RECBC Transfer: Prerequisite: Real Estate Mathematics and Real Estate Appraisal. Calculator HP 10Bii+ required. This course meets Appraisal Institute of Canada and UBC BUSI 331 requirements. $ 695 Building Design & Construction PROP 1073– 18 hours (1.8 CEUs/ILUs) Course provides a concise overview of construction materials and methods for commercial and residential buildings, including high-rise towers. Emphasis is placed on key terminology and the economics of construction projects. Topics include: planning and design, site preparation, foundations, superstructure, envelope systems, mechanical systems, and interior finishes. There is also brief treatment of construction supervision, quality control, sustainability issues, and post-construction deficiencies. This course meets the requirements as set out by the Homeowner Protection Act for formal CPD points and by the Architectural Institute of BC (AIBC) for professional development (18 hours) $357 Elective Courses (Choose 2) Real Estate Development PROP 1033 – 15 hours (1.5 CEUs/ILUs) A practical overview of the real estate development process, from initial idea to completed project. Topics include: development planning and feasibility; site selection, acquisition and due diligence; the development review and approval process; financing, insurance, and construction; project design and marketing or holding the finished project. Emphasis is placed on feasibility analysis, with particular attention to projects under $5m. $330 Commercial Lease Analysis PROP 1061 – 12 hours (1.2 CEUs/ILUs) This concise course examines commercial tenancies and commercial leases in British Columbia. Emphasis is placed on understanding and interpreting lease documents related to a variety of property types, including office and retail. The course is suitable for property managers, building managers, commercial 5
Langara College Real Estate Programs landlords, and those who plan to rent commercial space. This is an elective course in the Professional Building Manager Certificate. $252 Real Estate Investing Courses (all three must be taken to equal one elective): o Condo Investing PROP 1071 – 6 hours (0.6 CEUs/ILUs) Should you buy a residential condo unit as a rental property investment? What are the biggest mistakes of condo investing? What are your rights and responsibilities as an owner and a landlord in a condo complex? What are your monthly and annual expenses? How do you estimate your return on investment? Course answers these questions and more. $138 o Commercial Property Investing PROP 1072 – 6 hours (0.6 CEUs/ILUs) Intended for the novice investor, this short course covers the basics of selecting and operating a commercial property investment. Property types include: retail, office, medical, industrial, and commercial strata. Topics include: leases and leasing agents, tenant mix, tenant relations, management, budgets, and maintaining the property to maximize value and income. $138 o Buying Income Property PROP 1035 – 9 hours (0.9 CEUs/ILUs) Ideal for the novice investor, this course offers practical information on the selection and management of income-producing real estate. Examples include multi-unit rental houses and apartment buildings. Students will examine sample property investments on the basis of estimated net income, market value growth, deferred maintenance, routine maintenance, tenancy agreements, and tenant relations. A strong emphasis is placed on personal financial objectives. $186 Schedule and Registration Information Langara College offers courses in the fall semester (September-December), the spring semester (January-April), and the summer semester (May-August). Not all courses are offered every semester. See the Course Planner on page 7 for program courses offered each semester. For current course offerings, course dates, and other information, visit: www.langara.bc.ca/real-estate Note: The schedule for an upcoming semester is displayed on the website approximately 6 weeks before the start of the new semester. For example, the schedule for the Sep-Dec semester will appear on the website by July 31. The schedule for the Jan-Apr semester will appear on the website by November 30. For a current Continuing Studies Catalogue (print version), visit the Continuing Studies office or call to have a current Catalogue sent by mail. Langara College – Continuing Studies 100 West 49th Avenue Vancouver, B.C. V5Y 2Z6 Telephone: 604-323-5322 Website: www.langara.ca/real-estate 6
Langara College Real Estate Programs Course Planner The “X” indicates the semester in which a course is offered. While every effort is made to follow this schedule, the College reserves the right to make adjustments due to unforeseen circumstances. Course Sep-Dec Jan-Apr May-Aug PROP 1087 Building Design & Construction X X X PROP 1004 Real Estate Law X X X PROP 1005 Real Estate Appraisal X X X PROP 1023 Real Estate Finance X X X PROP 1024 Real Estate Mathematics X X X PROP 1020 Real Estate Investment Analysis X X X PROP 1033 Real Estate Development X X X PROP 1061 Commercial Lease Analysis X X X PROP 1071 Condo Investing X X X PROP 1072 Commercial Property Investing X X X PROP 1035 Buying Income Properties X X X Other courses of interest: PROP1037 Real Estate Math Tutorial Course covers financial mathematics topics from the Real Estate Trading Services Licensing Course. A Hewlett Packard (HP) 10BII financial calculator is required for the first session for this course. Non-credit (6 hours) $300 PROP1090 Real Estate Tutorial Need help with your real estate course? Struggling with real estate math, appraisal, or law? Join us for a customized 3 hour tutorial to help you with your problem areas. One-on-one or small group instruction. Get the extra help needed to succeed. Non-credit (3 hours) $385 2019-04-25 7
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