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PROPERTY LAW |
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Class Hours: 3.0 |
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Credit Hours: 3.0 |
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Laboratory Hours: 0.0 |
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Revised: Fall 08 |
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NOTE: This course is not designed
for transfer credit. |
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Catalog Course
Description: |
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A study of real estate
transactions and conveyances, including deeds, contracts, leases, deeds of
trust and zoning. Drafting and recording of real estate documents and
search of public documents. An introduction to property law, personal
property issues and bailment. |
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Entry Level Standards: |
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College-level
competencies in logic, reading, and English are required. |
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Prerequisites: |
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LAW 1000 |
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Textbook(s) and Other
Course Materials: |
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Hinkel, Daniel F., Practical Real Estate Law, 4th
ed. (West/Delmar, 2004). |
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I. Week/Unit/Topic
Basis: |
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Week |
Topic |
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1 |
Fundamental Concepts of
Property, personal property, bailments. Methods of acquiring real
property; Ethics and Real Property Practice, conflict of interest, confidentiality,
imputed disqualification, fees, categories of Real Property: residential,
commercial; state, federal and local laws. |
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2 |
Basic Principles of Real
Estate Law: types of concurrent ownership: forms of ownership; spousal rights;
Ethics: UPL |
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3 |
Surveys and Land
Descriptions: metes and bounds, government survey, plat |
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4 |
Public Regulation and
Encumbrances: police power and the impact on the property owner; zoning, variances,
environmental protection laws, fair housing laws, taxation, eminent domain,
escheat; Private Encumbrances: restrictive covenants, easements, liens,
licenses; Ethics, Licenses |
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5 |
Easements and Licenses: Easements;
Termination of Easements Contracts: The basics of
the real estate contract, remedies for breach of a real estate contract;
listing agreements; taxation & the sale of real property |
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6 |
Preparation and review of
the real estate contract: terms, parties, description, consideration; method
of payment; closing or settlement; assignment, earnest money, default,
warranties |
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7 |
Deeds: grantor,
grantee, date, consideration, words of conveyance, legal description, witnesses
and acknowledgement, delivery; clauses, types of deeds: warranty,
quitclaim, deeds of correction; preparation checklist; recordation |
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8 |
Financing sources in real estate
transactions: sources of mortgage loans; types of loans; secondary market;
ethics; permanent and construction loans |
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9 |
Legal Aspects of real
estate finance: promissory notes, mortgages, Deeds of Trust and Security
Deeds; foreclosure and other remedies Mortgage Forms and
Provisions; Residential provisions; commercial provisions |
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10 |
Title Examinations:
Recording Statutes; Examining title to real property; Other things to
examine; Title Reports; Title Defects and Problems |
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11 |
Real Estate Closings:
Anatomy of a Closing; Contact with the parties; Review of the Mortgage Loan
Commitment Government Regulation of
Real Estate Closings: RESPA, Truth in Lending Act; right of rescission; Adjustable
Interest Rate disclosures; HUD-1 settlement statement Real Estate Closing forms
and Examples: Forms usage; Foreclosures |
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12 |
Condominiums, Cooperatives,
PUDs, timeshares: the Condominium; the covenants and
restrictions; cooperatives; PUDs, Time Shares;
State laws; case problem |
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13 |
Leases: Residential Leases;
commercial leases and provisions; Assignments, subletting, mortgaging of the
leased premise, ethics |
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14 |
Assignments, subletting,
mortgaging of the leased premise, ethics, lease drafting |
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15 |
Final Examination |
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II. Course Objectives*: |
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A. |
Demonstrate a complete and
thorough understanding of legal ethics. I, III, V |
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B. |
Understand the legal
concept of property ownership. I, II, IV |
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C. |
Distinguish between real
and personal property. I, II, III, IV |
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D. |
Identify the estates of
ownership for real property. I, II |
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E. |
Understand and be able to
explain the legal concept of adverse possession. I, II |
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F. |
Distinguish and explain the
four types of concurrent ownership. I, II, III |
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G. |
Understand the public restrictions
on the use of real property such as zoning, building codes, eminent domain,
and subdivision restrictions. I, II, III, IV |
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H. |
Understand the uses of an
easement. I, II, III, IV |
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I. |
Identify the various easements
and their methods of creation and termination. I, II, III, IV |
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J. |
Explain the requirements of
a valid real estate contract. I, II, IV |
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K. |
Identify and understand the
types of deeds used in real estate practice. I, II, III, IV , V |
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L. |
Recognize the importance of
title examinations. I, II, III, IV, V |
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M. |
Explain the three types of
recording statutes. I, II, III, IV |
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N. |
Identify and analyze the
different forms of real estate financing, and the default and foreclosure
process. I, II, III, IV, V |
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O. |
Continue developing a legal
vocabulary. I, II, III, IV, V |
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*Roman numerals after course
objectives reference goals of the Paralegal Studies program. |
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III. Instructional
Processes*: |
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Students will: |
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1. |
Practice elements of the work ethic such as professionalism, preparedness,
punctuality, honesty, cooperation, dependability, contribution,
effectiveness, good manners, etc. Active Learning Strategy, Transitional
Strategy |
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2. |
Refine their reading
skills and expand their legal vocabularies through completion of weekly
guided reading exercises that allows them to communicate more effectively
with lawyers and legal professionals. Communication Outcome, Active
Learning Strategy, Transitional Outcome |
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3. |
Strengthen
their analytical skills by locating court cases and statutes in the ERC and
on Westlaw to determine the application of the rules of law to specific
facts. Communication Outcome, Technological Literacy Outcome, Transitional
Strategy, Active Learning Strategy |
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4. |
Examine ethical
issues related to legal representation, unauthorized practice of law,
confidentiality, duty of legal professional to provide legal services, etc. Communication
Outcome, Transitional Strategy, Active Learning Strategy |
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5. |
Listen to guest
speakers form the legal community to learn the demands for legal assistants who
possess basic knowledge of real estate law, title searches, closings, and
property terminology. Communication Outcome, Transitional Strategy, Active
Learning Strategy |
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6. |
Develop investigative
skills using the Internet, library, and governmental agency resources to find
relevant information. Communication Outcome, Technological Literacy
Outcome, Transitional Strategy, Active Learning Strategy |
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*Strategies
and outcomes listed after instructional processes reference TBR’s goals for strengthening general education
knowledge and skills, connecting coursework to experiences beyond the
classroom, and encouraging students to take active and responsible roles in
the educational process. |
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IV. Expectations for Student Performance*: |
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Upon
successful completion of this course, the student should be able to: |
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1. |
Draft
contracts, leases, deeds, and mortgage documents. A, B, D, F, J, K, L,
O |
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2. |
Prepare
closing documents, including settlement sheets. A, B, D, F, G, H, K, N |
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3. |
Assist
buyer or seller with transfer of property. A, B, C, F, J, K, L, M, N, O |
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4. |
Conduct
a title search. B, D, F, G, H, K, L, M, N, O |
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5. |
Prepare
for and conduct a real estate closing. C, D, J, K, L, N, O |
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6. |
Process
notices and documents for mortgage foreclosures. N, O |
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7. |
Record
instruments affecting title. C, D, G, H, J, K, M |
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8. |
Process
notices and documents for a tenant eviction. A, B, C |
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9. |
Prepare
an application for a zoning variance. G, H |
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10. |
Prepare
a draft of a residential or simple commercial lease. G, H, O |
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11. |
Read
a property survey and convert it into metes and bounds. K, O |
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*Letters
after performance expectations reference the course objectives listed above. |
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V. Evaluation: |
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A.
Testing Procedures: |
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Students
are evaluated primarily on the basis of tests. The instructor will
provide full details on a supplementary syllabus the first day of class |
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B.
Laboratory Expectations: |
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Students
will work in small groups to research an assigned topic, and make a class
presentation on that topic. |
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C.
Field Work: |
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Students will complete
several out-of-class skills projects. These exercises may
include: Conducting a title search, attending a real estate closing,
and reading a property survey and converting it into metes and bounds.
Students will make a reference notebook for property law following guidelines
given by the instructor. This notebook may contain legal writing exercises,
as well as drafting exercises, to include:
Real estate
contracts
Leases |
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D.
Other Evaluation Methods: |
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1.
All tests and papers will be graded for spelling and English usage in
addition to content and format. |
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E.
Grading Scale: |
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A 93-100 |
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VI. Policies: |
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A.
Attendance Policy: |
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B.
Academic Dishonesty: |
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Plagiarism,
cheating, and other forms of academic dishonesty are prohibited. Students
guilty of academic misconduct, either directly or indirectly through
participation or assistance, are immediately responsible to the instructor of
the class. In addition to other possible disciplinary sanctions which
may be imposed through the regular |
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C.
Accommodations for disabilities: |
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If
you need accommodations because of a disability, if you have emergency
medical information to share, or if you need special arrangements in case the
building must be evacuated, please inform the instructor immediately. Please
see the instructor privately after class or in his/her office. Students must
present a current accommodation plan from a staff member in Services for
Students with Disabilities (SSWD) in order to receive accommodations in this
course. Services for Students with Disabilities may be contacted by going to Goins 127 or 131 or by phone: 694-6751(Voice/TTY) or
539-7153. |
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D.
Other Policies: |
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Late papers will not be
accepted nor will make-up tests be given without specific approval of the
instructor. Computer Usage
Guidelines: |
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