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PLG221 - Real Estate Law
Catalog Description: Examines the law of real property including the common types of concurrent ownership, surveys, easements, encumbrances, zoning ordinances, real estate contracts, mortgages, deeds, title examination, title insurance, closing preparation, closing documents and leases. Prerequisite: PLG 114 or the consent of program director.
Lecture: 3 hrs.
Course Learning Outcomes (CLOs):
Upon the successful completion of this course, as documented by several tests and written assignments, students will be able to:
1.Distinguish between real and personal property.
2. Identify and explain in writing the modern estates of real property and at least three (3) of the ways of becoming an owner of real property.
3. Distinguish and explain the four types of concurrent ownership of real property.
4.Demonstrate the ability to read a typical metes and bounds survey of a residential parcel of real property and accurately prepare a legal description.
5.Identify and explain the common types of public regulations affecting real property.
* 6. Identify and explain the six (6) common types of private encumbrances that can affect the marketability of real property.
7. Explain five (5) essential requirements of a valid residential real estate contract.
8.Identify and explain at least three (3) of the types of deeds commonly used in modern real estate transactions.
9.Prepare a deed.
10.Apply the Code of Professional Responsibility to a legal problem.
11.Describe at least three (3) of the types of mortgage loans available for the purchase of residential real estate.
12. Explain the process and procedures involved in conducting a title examination.
* 13. Identify at least five (5) potential title problems and explain how to solve them.
14. Demonstrate knowledge of the legal procedures required for closing a residential real estate transaction as documented on a unit test.
* These course objectives have been identified as student learning outcomes that must be formally assessed as part of the College Comprehension Assessment Plan. All faculty teaching this course must collect the required data and submit the required analysis and documentation at the conclusion of the semester to the Office of Assessment and Special Projects.
Condominiums and Cooperative Apartment
Surveys and Land Descriptions
Public and Private Encumbrances
Easements and Licenses
Real Estate Contracts
Real Estate Financing and Mortgages
Mortgages and Notes
Title Examination and Title Insurance
Real Estate Closings
Real Estate Leases
Effective Term: Fall 2004