Real Estate Investment and Finance (RPA Required Course)

Through this course you will learn to take charge of real estate investments in order to maximize the value of a property. You will develop knowledge about basic financial concepts as they relate to real estate, including valuation, analysis, taxation, depreciation, and life-cycle costing. Similarly, you will learn to evaluate real estate investments and to develop budgets that estimate net operating income. You will study the income capitalization approach and cover property taxation costs and strategies to offset these costs. You will also gain the skills to conduct discounted cash flow analyses and calculate net present value and internal rate of return. This course features exercises that require the basic use of the HP 10bII+ financial calculator.

Important Note: Students taking the Real Estate Investment and Finance exam must bring a hand-held financial calculator that cannot be programmed in scientific mode for use during the exam. Please note that you will be required to leave your personal belongings in a secure location during your exam appointment.

Key topic areas:

• Asset valuation and enhancement
• Costs and taxes
• Capitalization
• Site and building analysis
• The appraisal process
• Discounted cash flow measurement
• Ownership vehicles
• The basics of lending and current lending practice

30 Real Estate Clock Hours Approved

Applies to:
RPA and FMA designations, PMFP certificate