Lorain County Community College Catalog

Course Descriptions

To view LCCC credit course descriptions by department, please select your area of interest below:

FNCE 111 - REAL ESTATE PRINCIPLES & PRACTICES 3(3)
This course familiarizes each student with the principles and practices of the real estate business through study of the nature, importance, and character of land; the real estate market; financing; property ownership; stages in the real estate transaction and appraisal, escrow, and title work. Special attention will be given to fair housing, civil rights and ethics. This course partially fulfills the Ohio Department of Real Estate's requirements to sit for the sales examination. (A special fee wil be assessed.

FNCE 112 - REAL ESTATE LAW 3(3)
This course provides the foundation for under standing the legal implications embodied in real estate transactions, contracts, and other relationships. Ohio (local, municipal, and state) real estate law, as well as federal civil rights laws are studied. Land ownership, its components, rights, responsibilities, transfer, and limitations are reviewed within the context of the sales transaction along with the contracts,deeds, and closing the title for the property. Specific attention is given to case law pertaining to housing discrimination, segregation issues, and eliminating the effects of prior discrimination. Course also covers agency law and landlord tenant arrangements. Course partially fulfills the Ohio Department of Real Estate's requirements to sit for the sales examination. (A special fee will be assessed.)

FNCE 115 - REAL ESTATE FINANCE 1(1)
The institutions, methods, instruments, and procedures involved in the financing of real estate, the nature and characteristics of mortgage loans, government influence on real estate finane, and the nature of the mortgage market. Course partially fulfills the Ohio Department of Real Estate's requirements to sit for the sales examnation. (A special fee will be assessed.)

FNCE 118 - REAL ESTATE APPRAISAL 1(1)
Appraisal as it applies to single and double family dwellings. Studies the factors in a property appraisal, which affect value. Approaches to property valuation are covered with emphasis on the market data approach and replacement cost approach. Use of appraisal techniques to construct an appraisal report. Course fulfills part of the requirements of the Ohio Department of Real Estate requirements to sit for the sales examination. (A special fee will be assessed).

FNCE 121 - PRINCIPLES OF INSURANCE 3(3)
This course provides an overview of the insurance business and the employment opportunities in the insurance industry. Key topics addressed in this course include principles of property and casualty insurance, as well as commercial and personal insurance. This course acts as a first course in insurance, which builds upon the Introduction to Management course, to provide a perspective of the industry in order for students to determine if they would like to pursue employment in one of the various insurance fields.

Prerequisite: BADM 251

FNCE 122 - FUNDAMENTALS OF INVESTMENT 3(3)
This course provides an overview of the various investment options available to investors. These options include stocks, bonds, mutual funds, money market instruments, real estate, and other investment alternatives. Topics covered include evaluating your risk tolerance, calculating rate of return, asset allocation and diversification, dividends and dollar appreciation of stock value, price/earnings ratio, and long-term and short-term investment techniques. Alternative investment options may also include gold and other precious metals and various collectibles.

Prerequisite: FNCE 251

FNCE 251 - BUSINESS FINANCE 3(3)
An introductory course covering the basic principles of business finance with an emphasis on analysis of financial decisions, valuation concepts, and sources and uses of capital.

Prerequisite: ACTG 152, ECNM 151 and 152

FNCE 287 - WORK-BASED LEARNING I - FNCE 1(1)
This course provides supervised work experience with approved employer(s) in an area related to the student's program. Emphasis is placed on integrating classroom learning with work experience. Students will be able to evaluate career selection, demonstrate employability skills, and satisfactorily perform work-related competencies. Activities are coordinated and evaluated by college personnel. Course will be graded on S/U basis. Prerequisite: A student must be pursuing an approved program at LCCC; have completed 15 semester hours with a minimum of six semester hours in the discipline of placement: have a minimum GPA of 2.5 in the discipline and a 2.0 overall GPA; and have divisional approval.

Prerequisite: A student must be pursuing an approved program at LCCC; have completed 15 semester hours with a minimum of six semseter hours in the discipline of placement; have a minimum GPA of 2.5 in the discipline and a 2.0 overall GPA; & have divisional approval

FNCE 288 - WORK BASED LEARNING II - FINANCE 1(1)
This course provides supervised work experience building on experience in work-Based Learining I with approved employer(s) in an area related to the student's program. Emphasis is placed on integrating classroom learning with work experience. Students will be able to evaluate career selection, demonstrate employability skills and satisfactorily perform work-related competencies. Activities are coordinated and evaluated by college personnel. Course will be graded on S/U basis. Prerequisite: FNCE 287

Prerequisite: FNCE 287

FNCE 289 - WORK-BASED LEARNING III - FNCE 1(1)
This course provides supervised work experience building on experience in Work-Based Learnining II with approved employer(2) in an area related to the student's program. Emphasis is placed on integrating classroom learning with work experience. Students will be able to evaluate career selection, demonstrate employability skills, and satisfactorily perform work-related compentencies. Activities are coordinated and evaluated by colelge personnel. Course will be grade on the S/U basis. Prerequisite: FNCE 288

Prerequisite: FNCE 288

FNCE 299 - INDIVIDUALIZED STUDIES/FINANCE 1(1)
An in-depth study of areas in finance. Thorough discussion and/or individual research and reading. Topics will vary. Repeatable up to a total of four (4) credit hours. Prerequisite: Divisional approval.

Prerequisite: Divisional approval