Upon successful completion of the course, students will be able to: summarize the fundamental concepts, characteristics, and economic importance of real estate in both domestic and global markets; interpret the legal foundations of real estate, including property rights, ownership types, and methods of conveyance; analyze the impact of government controls, zoning laws, and taxation policies on real estate markets and property values; apply principles of market analysis and urban economics to evaluate market determinants of value and real estate investment opportunities; distinguish between and apply the three major real estate valuation approaches: sales comparison, cost, and income methods; explain the structure and function of the residential mortgage market, including different loan types, borrower decisions, and financing instruments; evaluate the role of financial institutions, mortgage-backed securities, and government-sponsored entities in the housing finance system; and describe the professional roles, licensing requirements, and ethical responsibilities of real estate brokers and agents.