Portland Community College | Portland, Oregon

This course serves two primary audiences. The largest audience includes students seeking to satisfy State of Oregon Real Estate Agency broker requirements for licensing and the smaller audience includes students wishing to generally expand their knowledge about real estate. To satisfy the licensing education requirements students must pass (75% score or better) a comprehensive multiple choice final examination.

The primary instructional goal of Real Estate Broker Property Management is to introduce the student to the specialty and its attendant statutory requirements. By the end of the course each student should know and, when applicable, be able to apply:

1.                  Oregon real estate license law and administrative rules as applied to property management activity.

2.                  Oregon Residential Landlord and Tenant Act, including tenants’ and landlords’ rights and obligations; and, evictions; and, forcible entry and detainer procedures.

3.                  Economics of property management, including analysis of markets, properties, and evaluating the owner’s objectives.

4.                  Leases, including leaseholds, types of leases and common lease clauses.

5.                  Agency relationship between property owner and property manager.

6.                  Tenant relations, including maintenance.

7.                  Management record keeping, including operating reports, budgets, income tax records, types of insurance, trust accounts and trust account reconciliation.

8.                  Anti-discrimination statutes, federal and state, which apply to tenant selection and advertising.

9.                  Fair Credit Reporting Act as it applies to property management activities.

Students will be assessed by any combination of the following:

1.      Active participation in class

2.      Contextual written tasks (in or outside of class) to assess reading

3.      Oral responses to in class hypotheticals

4.      Request for real life applications of course material

5.      In class, interactive student role-plays

6.      Quizzes and practice exams following State of Oregon Real Estate Agency question format

7.      Final comprehensive examination patterned after Oregon Real Estate Agency license exam

 Themes, Concepts and Issues

Include all or most of the following:

1.      Oregon real estate license statutory and administrative law as it applies to a property manager.

2.      Oregon Residential Landlord and Tenant Act

1. landlord rights and obligations
2. tenant rights and obligations
3. evictions
4. forcible entry and detainer procedure

3.      Economics of property management

4.      Leases

1. types
2. common lease clauses and provisions

5.      Agency relationship between

1. property manager and client
2. property manager and tenant (whether one exists and if so consequences)

6.      Tenant relations, including maintenance

7.      Record keeping

1. operating reports
2. budgets
3. tax records
4. insurance
5. reconciliation

8.      Anti-discrimination laws

1. federal
2. state

9.      Fair Credit Reporting Act as applicable to tenant selection