Course

Course Summary
Credit Type:
Course
ACE Course Number:
CFTA-0021
Location:
Classroom-based
Length:
11 weeks (58.3 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Real Estate or Business Law
Description

Objective:

The course objective is to introduce students to the law of real property in day-to-day settings and to emphasize a clear set of rules that will enable students to recognize, solve, and prevent legal issues.

Learning Outcomes:

  • Upon completion of the course, the student will be able to identify and apply legal concepts regarding laws affecting real property acquisition, (either in fee simple or leasehold, and either in complete or partial ownership)
  • Understand and apply concepts related to lien creation, priority and termination
  • Identify the importance of legal descriptions and the procedures necessary to correctly identify real property
  • Understand the critical concepts in reviewing real property purchase contracts and leases, in both consumer and commercial contexts
  • Describe various ways of transferring real property ownership and the financing of the acquisition of real property
  • And discuss the transfer of real property after death - wills, trusts and estate formation.

General Course Topics:

  • Introduction and sources of real estate law
  • Land interests: present and future
  • Extent of real estate interests
  • Nonpossessory interests in real estate
  • Fixtures
  • Liens
  • Describing land interests
  • Co-ownership of real estate
  • The landlord-tenant relationship
  • Commercial leases
  • Real estate communities: multiunit interests and owners' association
  • The broker's role in the transfer of real estate
  • Methods of transfer and conveyance in real estate
  • The purchase contract
  • Financing in the transfer of real estate
  • Closing the deal
  • Transferring real estate after death: wills, estates, and probate
  • Zoning
  • Constitutional issues in real estate
  • Environmental law
  • Legal issues in land and economic development
  • Tax aspects of real estate ownership and transfer
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Computer Based Training
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials

Other offerings from Center for Financial Training Atlantic & Central States, Inc.

(CFTA-0005)
(CFTA-0018)
(CFTA-0008)
(CFTA-0022)
(CFTA-0009)