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 to apply the skills gained regarding tasks and responsibilities in relation to customers, the public and the public authorities in accordance with the current regulations for real estate brokerage.
• Is able to conduct quality assurance of a broker service and use this with regards to reporting and controls to the Financial Supervisory Authority (FSA).
• Can apply his/her knowledge of the discipline when organising a real estate brokerage firm.
• Is able to assess a broker’s confidentiality and disclosure responsibility in relation to public departments.
• Is able to assess what best broking practices and ethics involve in the execution of real estate brokerage.
• Is able to gain an overview of and carry out a forced sale.
• Has knowledge of the principle regulations of a real estate broker in real estate sales and housing construction law.
• Has knowledge of real estate broker’s responsibilities and possible penalties related therto.

Course Description

• Organising a real estate broker firm
• Competence requirements in a real estate agency
• The Financial Supervisory Authority’s role and requirements in relation to real estate agents
• Coordination with other government departments
• Quality assurance of broker service - internal control and money laundering
• Confidentiality and disclosure responsibility
• Forced sales / administrator’s sale
• Practical information concerning sales law
• Practical information concerning Housing Construction Act
• The real estate broker’s responsibility and possible sanctions
• Organising a real estate broker
• Competence requirements in a real estate agency

Teaching and Learning Methods

4-6 hours of lectures per week during the spring semester.

Exercises

There are opportunities to submit a written group assignment (not mandatory).

Assessment Methods

Written examination, 5 hours, which counts 100 %.

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