Course Objectives

The course will provide students with a solid understanding of settlements and transactions involving properties, as well as knowledge and understanding of procedures and bookkeeping for clients’ funds. Students will learn to handle settlements for all types of property transactions which are handled by estate agents.

Course Description

The course covers settlements and settlement arrangements, pro and contra, security bonds, mortgage rates, redemption of bonds, over-mortgaged properties, transfer of loans to new property, client accounts and interest calculations. The course includes bookkeeping and reporting rules for property transactions, filling out accounting books including the handling of clients’ funds.

Learning Methods

4-6 hours of lectures weekly during the autumn semester.

Assessment Methods

Individual written examination, 4 hours.

There may be an evaluation of the portfolio with submission of examples of settlements and bookkeeping.

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