APPLIES TO ACADEMIC YEAR 2016/2017 Norwegian version

EMS 3666 Real Estate Brokerage II

Responsible for the course
Paul H Fjeldheim

Department
Department of Law

Term
According to study plan

ECTS Credits
7,5

Language of instruction
Norwegian

Introduction
Real Estate Brokerage II covers a few particular subject areas within the estate agency business. It is based on Real Estate Brokerage I with an in-depth study of the subject areas farm- and forest properties. Quality assurance of real estate services is also covered in this course.

Learning outcome
Acquired Knowledge
During the course students should:

• Develop knowledge of the practical consequences of the demands the public, customers, government agencies, real estate business, etc. stand for the exercise of the real estate profession in specific areas.
• In the field of tax law, students learn about the law of wealth and income taxation and a thorough knowledge of the law on taxation of gains and deductions for losses on disposal of real property.
• Students should also be familiar with the rules on inheritance tax.

• Solve problems relating to real estate trading
• Conduct real estate transactions within the agricultural and forestry properties. Carry out the transaction and prepare them for settlement.
• Apply the law of the transaction type in practice.
• Able to handle all document related to the transaction, including the design contracts associated with each transaction.
• Take a position on questions of taxation on the purchase and sale of property, to the extent that under the law and practice expected of a real estate agent.

1. Agriculture and forestry
   • Similarities/differences with/from housing transactions
   • Importance of concession/allodium for the sale
   • Designing a property description/prospectus
   • Marketing
   • Contract and accompanying documents
2. Compulsory sale
3. Quality assessment of the estate agent service and ICT regulation - requirements for estate agencies
4. Cultural monument
5. Tax law
   • Tax law regulations and the rules of the Directorate of Taxes on valuation and taxation of real estate.
   • The rules of the Income Tax Act on income taxation of real estate during ownership (direct tax assessment and indirect tax assessment)
   • The income tax rules on taxation of gains and tax allowances for losses incurred in connection with the sale of real estate.
   • Property tax
   • Property value taxation
   • Tax rates used for the various forms of taxation