Learning outcome

After successfully completing the course, the candidate will have achieved the following learning outcomes:

The candidate:

• Has gained an overview of the relevant real estate theory, see syllabus reading lists.
• Has gained an overview of the real estate broker’s role, duties and responsibilities.
• Is able carry out a brokerage transaction, survey a property, obtain information about a property, create marketing materials, conduct viewing, execute bidding and finalise a contract.
• Has knowledge of real estate as well as the key regulations concerning registration of property and the Norwegian Mapping Authority.
• Is able to apply his/her knowledge of the broker concept so that he/she is able to act in accordance with good practice.
• Is able to assess whether a transaction is in conflict with proprietary trading regulations.
• Is able to complete the sale of the following property types: freehold property, freehold section, co-op apartment on owned or leased ground.
• Is able to carry out duties and responsibilities in relation to customers, the public and public authorities in accordance with applicable regulations for real estate.
• Is able to set up authorization, complete the takeover and prepare the case ready for settlement.
• Is able to execute a simple property transaction culminating in the settlement phase.
• Is able to assess what good broking practice and ethical regulations involve in the execution of real estate brokerage.
• Has an overview of the relevant real estate professional issues in a simple real estate transaction.

Course Description

• What is real estate?

• Official registration and the Norwegian Mapping Authority
• Broker concept and proprietary trading
• Initiating a real estate transaction
• Procuring transactions
• Surveying a property
• Different types of property: freehold property, freehold section, and co-op apartment on owned or leased ground
• Obtain necessary information
• Preparing for sale
• Marketing
• Design of sale brochures, advertising and other sales documents
• Bidding rounds/finance
• Authorization
• Contract finalization
• Takeover
• Understanding the settlement
• Good broker practice and ethics

Teaching and Learning Methods

- 4-6 hours lectures per week in the autumn semester

- Exercises

- Two compulsory assignments

Assessment Methods

Written group assignment and/or practical exercise/work, of which at least one must receive a passing mark in order to gain a passing mark for the course.

Written examination, 5 hours, which counts 100% of the final grade.

Minor adjustments may occur during the academic year, subject to the decision of the Dean