REM 112152 Syllabus - 2021-2022
REM 112152 Syllabus - 2021-2022
REM 112152 Syllabus - 2021-2022
COURSE SYLLABUS
COURSE DESCRIPTION:
The course covers the fundamentals of real estate transactions in practice and theory. This course includes basic principles for those planning to buy, sell or own real estate.
Brokerage administration of a real estate business including appropriate Philippine real estate law and licensure, listings, title search, forms for closing contracts, contract forms,
and the broker-salesperson relationship are going to be discussed. The concepts of Project Selling and its actual operation will also be covered.
At the end of the course and given simulated conditions/situations, the student should be able to:
1. Gain knowledge about the basic provisions of the Module 2: Laws, Policies and Procedures Related to Classroom directed Module Quiz / Part of
Real Estate Service Act (RESA Law). Real Estate Marketing and Its Practice activities: Long Test & Final
2. Understand the significant areas of application of Exam
A. Application of the RESA Law Formal lecture;
the RESA Law most especially in the field of real mediated lecture and
B. Antitrust and Competition
estate marketing and brokerage. discussions.
1. Revisit the factors that affect or determine the pricing Module 4: Marketing Mix in Real Estate: PRICE Classroom directed Module Quiz / Part of
standard or element as particularly applied in the field activities: Long Test & Final
A. Pricing Factors Exam
of real estate. B. Pricing Strategies Formal lecture;
mediated lecture and
2. Identify the various pricing strategies that are relevant discussions; reflection
in the real estate business of developers and individual points.
sellers of property.
1. Learn about the different categories of location where a Module 5: Marketing Mix in Real Estate: PLACE Classroom directed Module Quiz / Part of
real estate product can be wisely made available to its activities: Long Test & Final
A. Market Place Selection Exam
target market. 1. Local Sales vs. International Sales Formal lecture,
2. Physical Market vs. Virtual Market mediated lecture and
2. Assess the appropriate Place element for a subject firm discussions. Online
in the case of developers or type of listing in the case of Research.
brokerage transactions.
Module 6: Marketing Mix in Real Estate: Classroom directed Module Quiz / Part of
1. Introduce the different concepts of promotional tools
PROMOTION activities: Long Test & Final
and avenues as part of the marketing mix strategies for
A. Media Formal lecture; Exam
firms in general. 1. Traditional Tri-Media mediated lecture and
2. Social Media Platforms discussions. Group work.
B. Merchandising
2. Revisit the various promotional efforts in the real estate C. Trade Promotions
industry and assess the Promotion element for a D. Word-of-Mouth and Referral System
subject firm in the case of developers and secondary Institutional Linkages and Representations
sale or brokerage transactions.
Module 7: The Basic Sales Process in Real Estate Classroom directed Module Quiz / Part of
1. Introduce the basic stages in the sales process that
activities: Long Test & Final
apply in the real estate practice. A. Prospecting Exam
B. Qualifying Formal lecture;
C. Presentation mediated lecture and
2. Inculcate a deeper level of knowledge, understanding D. Negotiation
discussions.
and reflection of the basic sales process and principles E. Closing
in order to become effective and efficient real estate
brokers.
Module 9: Basic International Marketing Principles as Classroom directed Module Quiz / Part of
1. Learn the basic international marketing principles that
Applied in the Real Estate Business activities: Long Test & Final
are relevant and applicable to the real estate business.
Exam
A. Why Go Global? Formal lecture;
B. Factors to Consider in Going International mediated lecture and
2. Have a wider perspective of marketing real estate discussions; reflection
C. Modes of Entry Into International Market
products and services by learning about the global and points.
D. International Product and Promotion
international marketing approaches and strategies.
Strategies
E. Designing the Appropriate International
Marketing Organization
Module 10: Analyzing the Real Estate Industry Classroom directed Final Real Estate
1. Introduce some important key analytical tools in activities: Industry Research
analyzing the business environment that may apply in A. The Real Estate Business Environment Output – Written
B. Analytical Tools for the Real Estate Industry Formal lecture; Paper and Oral
the real estate industry.
mediated lecture and Defense
discussions;
2. Be aware of the dynamic nature of the business
workshop/group
environment in general which affects the
dynamics and report.
competitiveness of industries such as real estate.
LEARNING RESOURCES:
Robbins, Stephen P. and Mary Coulter. Management. International Student 13th Edition. Pearson Education, 2016.
Kotler, Philip and Gary Armstrong. Principles of Marketing. 17th Edition. Pearson, 2017.
Sorger, Stephan. Marketing Analytics: Strategic Models and Metrics. 1st Edition, Version 1.2. San Bernardino, CA: Admiral Press. 2016.
5. The Philippine Competition Commission Law (RA 10667); https://senate.gov.ph/republic_acts/ra%2010667.pdf and https://phcc.gov.ph/philippine-competition-law-r-
10667/#
7. The Factors that Drive Growth for the Philippine Real Estate Industry. February 19, 2020; https://www.lamudi.com.ph/journal/factors-drive-growth-real-estate/
10. Michael E. Porter. "Competitive Strategy: Techniques for Analyzing Industries and Competitors (Abstract) ." Accessed Aug. 25, 2020.
COURSE REQUIREMENTS:
1. Quizzes
2. Long Tests
3. Course Projects/Assignments/Reflection Papers
4. Final Industry Research Output
One (1) grading term (semester or summer) is divided into two (2) grading periods. The first grading period consists of the preliminary and/or midterm examinations
while the second grading period, the semi-final and/or final examinations. Each grading period shall be computed based on the following:
GRADING SYSTEM: One (1) grading term (semester or summer) is divided into two (2) grading periods. The first grading period consists of the preliminary and/or midterm
examinations while the second grading period, the semi-final and final examinations. Each grading period shall be computed based on the following: Each student receives two
(2) grades, the midterm grade and the final grade.
GRADING SYSTEM
TOTAL 100%