EMS 3528 Real Estate Brokerage I

EMS 3528 Real Estate Brokerage I

Course code: 
EMS 3528
Department: 
Law and Governance
Credits: 
7.5
Course coordinator: 
Paul Henning Fjeldheim
Course name in Norwegian: 
Eiendomsmegling I
Product category: 
Bachelor
Portfolio: 
Bachelor of Real Estate, Law and Business - Programme Courses
Semester: 
2025 Spring
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

According to the Real Estate Brokerage Act, there are requirements for formal real estate brokerage expertise or legal competence for individuals engaging in brokerage activities within real estate brokerage firms.

Learning outcomes - Knowledge

The aim of the Real Estate Brokerage 1 course is to provide students with knowledge of the practical implications of the requirements set by the public, clients, government authorities, the real estate brokerage industry, etc., for the practice of the real estate brokerage profession. This includes requirements for the professional and personal conduct of real estate brokers.

Learning outcomes - Skills

Students will learn to solve specific tasks related to real estate transactions and the drafting of various agreement documents. Upon completing the course, students should be able to carry out all types of real estate transactions, except for agricultural and forestry properties, commercial properties, and the sale of new projects covered in Real Estate Brokerage 2 and 3. Students should be able to execute the transaction and prepare it for settlement. They should be able to apply the legal rules for the relevant transaction types in practice and handle all document processing related to the transaction, including drafting contracts for each transaction. The teaching is closely related to the teaching in Real Estate Law 1 and Settlement of Real Estate Transactions.

General Competence

Students should demonstrate the ability for critical reflection and ethical awareness related to real estate transactions and have a conscious understanding of the legal standards and ethical principles underlying the regulations in real estate brokerage legislation.

Course content

General Introduction

  • The emergence and development of the profession.
  • Introduction to the role and tasks of a real estate broker. Clarification of the liability relationship that a real estate broker has with their clients. Clarification of the term intermediary.
  • Introduction to the concept of good brokerage practices. What contributes to the formation of the concept of good brokerage practices. Emphasizing to students that the concept of good brokerage practices and ethics are central to the practice of the real estate brokerage profession. Ethics will be a recurring theme throughout the course, and through examples, lecturers will illustrate the ethical dilemmas a real estate broker may face in their daily work.
  • Framework conditions for the practice of the real estate brokerage profession, including relations with government authorities, including the Financial Supervisory Authority, the Competition Authority, consumer authorities, and tax authorities.
  • Execution of various types of assignments, from obtaining the assignment to completing the settlement. Legal rules regarding the lease of real property.

Subtopics

  • Who can perform which tasks in a real estate transaction?
  • How to obtain assignments
  • Proposal drafting
  • Use of computer tools
  • Conducting an inspection
  • Gathering necessary information
  • Assignment agreement
  • Marketing and promotional activities
  • Measurement of areas
  • Preparation of sales documents
  • Preparation of advertisements
  • Preparation of other sales documents
  • Conducting a viewing
  • Bidding
  • Conducting various types of real estate transactions
  • Document tax
  • Subdivision
  • Appraisal
  • Building science/history
  • Building permit
  • Rental of real property
  • In-depth discussion of forms of ownership
  • Money laundering
Teaching and learning activities

The course consists of a total of 40 course hours. Teaching is conducted through lectures, group work, and practical problem-solving. Additionally, assignments and cases will be distributed, which are expected to be solved individually. Students will have the opportunity to submit written assignments for grading and feedback.

There are no specific computer-based tools required for the course, but the following web addresses are important: www.lovdata.no  www.eiendomsverdi.no and www.tinglysing.no

Software tools
No specified computer-based tools are required.
Additional information

This course satisfies the qualification requirement for assistants to responsible brokers as per the Real Estate Brokerage Act § 4-4 Assistants to Responsible Brokers, 1st paragraph, and the Regulations on Real Estate Brokerage § 4-9 Assistant Exam, 1st paragraph.

Required prerequisite knowledge

Business economics studies or equivalent.

Assessments
Assessments
Exam category: 
School Exam
Form of assessment: 
Written School Exam - digital
Exam/hand-in semester: 
First Semester
Weight: 
100
Grouping: 
Individual
Support materials: 
  • BI-approved exam calculator
  • Simple calculator
  • Digital resource: Lovdata Pro (Digital Exam Mode)
  • Book: T. Falkanger og P. H. Fjeldheim. «Forskriftssamling for Eiendomsmeglere». Cappelen Damm akademisk.
  • Etiske regler for Norges eiendomsmeglerforbund (document)
  • Laws and regulations
  • Offprint of laws and regulations
Duration: 
5 Hour(s)
Exam code: 
EMS 35281
Grading scale: 
ECTS
Resit: 
Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
31 Hour(s)
Parts of the teaching will be carried out digitally.
Feedback activities and counselling
9 Hour(s)
Lecturer-led task training on webinars across the campus (this gives students the choice between 4 times for participation one or more times).
Prepare for teaching
45 Hour(s)
Student's own work with learning resources
50 Hour(s)
Group work / Assignments
60 Hour(s)
Examination
5 Hour(s)
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.