Ethics in Real Estate

Course Code:

ARE 151

Course Type:

Area Elective

P:

3

Application:

0

Credits:

3

ECTS:

6

Course Language:

İngilizce

Course Objectives:

It is aimed to give ethical behavior and attitudes in the real estate sector on a basic level.

Course Content:

Ethical behavior and attitudes in the real estate sector will be given on a basic level and ethical theory and practices will be covered.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 4:Simulation, 5: Case-study

Course Evaluation Methods:

A: Testing, B: Presentation, C: Homework, D: Project, E:Lab

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Course Learning Outcomes

Course Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
Will be able to discuss the importance of the concept of ethics, the concept of Business Ethics, and the issues of Business Ethics in Real Estate.		1,2,3	A
Will be able to explain the importance of the real estate market in the economy.		1,2,3	A
Will be able to determine the basic values to be considered in ethical principles and principles in the marketing practices of real estate companies.		1,2,3	A
Will be able to explain types of housing finance systems, mortgage bank systems, and housing finance systems in the USA and the EU.		1,2,3	A
Will be able to determine accounting standards related to the real estate market.		1,2,3	A
Will be able to explain ethics in ethical and information systems.		1,2,3	A
Will be able to explain the importance of ethics and professional ethics education and identify positive results and contributions that this education will bring to individuals, institutions and society.		1,2,3	A

Course Flow

COURSE CONTENT
Week	Topics	Study Materials
1.	Concept of Business, Ethics, Occupational Ethics, Concept of Real Estate Agents, The Relationship Between Professional Values	Lecture notes
2.	Ethical Responsibilities of Professional Organizations for Various Groups, History of Real Estate and Real Estate Agents, Business Ethics in the Real Estate Market	Lecture notes
3.	The Importance of Real Estate in Economy Real Estate Market Supply and Demand in the Real Estate Market	Lecture notes
4.	Real Estate Market and Ethical Problems	Lecture notes
5.	Real Estate Economy, Balance in the Housing Market, Real Estate Market and Recent Developments in Turkey	Lecture notes
6.	Real Estate Markets and Ethics Real Estate/Housing Bubbles	Lecture notes
7.	Real Estate Marketing, Marketing Mix in Real Estate Marketing	Lecture notes
8.	Midterm
9.	Ethics in Real Estate Marketing, Ethical Issues in Real Estate Marketing Mix	Lecture notes
10.	Housing Finance, Housing Finance Systems and Ethics	Lecture notes
11.	Housing Finance, Funding used in the EU and in Turkey Status	Lecture notes
12.	Real Estate Market Accounting Standards and Professional Ethics	Lecture notes
13.	Applications of Information Technology in Real Estate Market Management Information System and Professional Ethics in the Real Estate Market	Lecture notes
14.	Development and Importance of Code of Ethics and Code of Professional Ethics Training and Education of Ethics and Professional Ethics	Lecture notes
15.	Final Exam

Recommended Sources

RECOMMENDED SOURCES
Lecture Book	Ethics in Real Estate (Research Issues in Real Estate) (Roulac Stephen E.1999, First Edition,Springer)
Additional Resources

Material Sharing

MATERIAL SHARING
Documents	Lecture Notes
Assignments
Exams	Midterm, Final

Assessment

ASSESSMENT
IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-term		60
Quiz/Assignment		20
Term Assignment		20
Total		100
CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE		40
CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE		60
Total		100

Course’s Contribution to Program

COURSE'S CONTRIBUTION TO PROGRAM
No	Program Learning Outcomes	Contribution Level
No	Program Learning Outcomes	1	2	3	4	5
1	Although it has the knowledge, discipline and responsibility to do independent work / project / research, it can prepare a comprehensive research and / or project report on the subject.			X
2	It can show that being effective in team and project studies, taking the necessary responsibility.				X
3	Can set goals and targets for Real Estate Development and Management Department and plan for them.		X
4	Thanks to the multi-disciplinary course content in the field of real estate, it can increase the ability to acquire, learning, and developing multidimensional information.	X
5	Having a critical point of view, it can contribute to the business in which it works by updating the information in the field of real estate and improving the importance of lifelong learning.	X
6	Considering the rapidly changing global dynamics, it can show that it understands the importance of flexible thinking and creative solutions to be successful in real estate.		X
7	Understand, follow, and interpret global dynamics in the Real Estate Development and Management Department; demonstrate that he has the knowledge of English to communicate effectively, verbally and in writing at the international institutional level.		X
8.	In national and international academic and professional settings, it can present and share its knowledge and experience in the fields of management, marketing, valuation, and investment, which are subgroups of the Department of Real Estate Development and Management, and share their knowledge with them.		X
9	Using analytical aspects in financial decisions in the Real Estate Development and Management Department, they can use field-specific research methods to solve problems, analyze, and research.			X
10	May have innovative thinking and a visionary perspective in the field of Real Estate Development.		X
11	Master the concepts of business ethics and social responsibility, evaluate the applications of these concepts, and show how important it is to act in accordance with these principles to add value to the business and society.	X
12	Students can evaluate, interpret, define problems, analyze data and produce solutions by evaluating the results with their theoretical, factual and research methods knowledge.			X
13	Can think critically about the institution, associate information in the field of human resources science with information from other fields, interpret it by integrating it, create new information, and show that it understands interdisciplinary interaction.				X
14	By mastering the legislation related to the real estate sector, it can have the necessary equipment and vision especially in the creation and execution of contracts.		X

ECTS

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION
Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course hours (Including exams week: 15xtotal lecture hour)	16	4	64
Study hours out of class (Pre-study, practice)	16	4	64
Midterm	1	3	3
Homework	2	2	4
Final	1	3	3
Total Work Load			138
Total Work Load / 25 (h)			5,52
ECTS Credit of the Course			6

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Ethics in Real Estate

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