Department of Agricultural Economics

AGEC 605: Rural Real Estate, Investment Analysis, and Development

Course Description From the Catalog

605. Rural Real EstateAppraisal and Organization. (3-0). Credit 3.
Concepts of property rights and their valuation; factors affecting the value of these rights are related to general economic theory to explain real estate market process; specific applications of appraisal techniques in valuing urban and rural real properties.
Prerequisites: AGEC 422.

Info for students

  • Syllabus
  • Important Reminders
  • Market Forecasts
  • Glossary of Real Estate Terms
  • Hints for Studying for Exams
  • Grades (WebCT Vista or E-learning)
  • In Class Example: Adjustment Exercise
  • In Class Example: Income Approach Using the Owner Operator Method
  • MAP: Map & Directions to the Properties
  • Score Sheet for Real Estate Project--Revised version
  • MAP: Map & Directions to the Beef Cattle Research Center--Soil Field Trip
  • Land Resource Valuation Slides
  • The Sales Comparison Approach
  • Practice Adjustment Exercise
  • The Cost Approach
  • Income Approach to Valuation
  • Metes and Bounds
  • Land Survey Systems
  • Project Options
  • Real Estate Development Report Requirements
  • Real Estate Development Model
  • Real Estate Concepts, Appraisals, and the Ways to Develop the Income Streams
  • The Investment Process of Real Estate
  • The Development Process for Real Estate
  • Condemnation of Private Property
  • Taxing Information
  • Ways to Estimate Cap Rate for Income Approach
  • Wendell Wood - Development Analysis
  • Wendell Wood - Subdivision Spreadsheet.xls
  • Closing Documents

    Assignments

    Listed below are labs, homework, and handouts. Check back from time to time as items will be added or changed throughout the semester.

  • Appraisal Property #4
  • Appraisal Property #6
  • Field Exercise #1
  • Lab 1
  • Lab 2
  • Take Home Lab 1

    Sample Exams

    Listed below are sample exams which you can use to help you study for upcoming tests. Some changes may be made before each test.

  • Sample Exam I
  • Sample Exam II
  • Sample Exam III
  • Sample Final Exam
  • Practice Problems for Exam 2
  • Answers to Practice Problems for Exam 2
  • Additional Problems for Exam 2
  • Answers to Additional Practice Problems for Exam 2

    Class Outlines

    Listed below are the daily outlines for the course. Items will be added throughout the semester.

  • 01-20-2009
  • 01-22-2009
  • 01-27-2009
  • 01-29-2009
  • 02-03-2009
  • 02-05-2009
  • 02-10-2009
  • 02-12-2009
  • 02-17-2009
  • 02-19-2009
  • 02-24-2009
  • 02-26-2009
  • 03-03-2009
  • 03-05-2009
  • 03-10-2009
  • 03-12-2009
  • 03-24-2009
  • 03-26-2009
  • 03-31-2009
  • 04-02-2009
  • 04-07-2009
  • 04-09-2009
  • 04-14-2009
  • 04-16-2009
  • 04-21-2009
  • 04-23-2009
  • 04-28-2009
  • 04-30-2009
  • 05-05-2009 Redefined as Friday
  • 05-13-2009 Final Exam @ 1:00PM-3:00PM
    Finance Insurance & Real Estate Club The Urban Land Institute Bryan GIS College Station GIS The Real Estate Center

    E-mail Curtis Lard at c-lard@tamu.edu.

    Dr. Lard's Homepage | Department of Agricultural Economics | Texas A&M University | WebCT VISTA