Suppose the rotation matrix $$\pmatrix{ \cos \theta & \sin \theta \\ -\sin \theta & \cos \theta}$$ has real eigenvalues. Then what would the value of $\theta$ be?
I know that the eigenvalues of this matrix are $\{e^{\pm i\theta}\}$. To derive the condition under which the eigenvalues are real, I found the characteristic function and set the discriminant $\Delta=b^2-4ac$ $>0$. From this, I got $\sin^{2}\theta <0$. Since sine is a square term, how can it be negative?! Am I right?
The only thing wrong with your approach is that the eigenvalues can be real if the discriminant is zero, too. $\sin^2 \theta < 0$ has no solution, but $\sin^2 \theta = 0$ gives $\theta = 0$ and $\theta = \pi$. The first gives you the identity matrix, the second its opposite.