LAWS210 Real Estate Law

Department of Business Studies: Paralegal/Law

I. Course Number and Title
LAWS210 Real Estate Law
II. Number of Credits
3 credits
III. Number of Instructional Minutes
2250
IV. Prerequisites
REAL101 and REAL102; or LAWS100 or LAWS110 or permission of the Department of Business Studies
Corequisites
None
V. Other Pertinent Information
None
VI. Catalog Course Description
Instruction in ownership, contractual limitations, property right protection, reality and personality fixtures; fee simple, life estates and remainder interests, tenancy, partnership and corporate realty; liens, such as mortgages, judgments and attachments, contracts, and their complexities, deeds, bonds and mortgages, leases, transfer and closing of title, and conveyancing.
VII. Required Course Content and Direction
  1. Course Learning Goals

    1. Estates and tenancies in real property; kinds of title in real property; methods of acquisition of title to real property; acquisition of title to real property; agreements of sale sand options; deeds; mortgages, bonds, and warrants; principles of recording of documents; liens and encumbrances; searches and title insurance; conveyancing in general and principles relating thereto;
    2. The student will have a basic understanding of the law as it applies to real estate and conveyancing in order to enable the student to better approach, solve and find the best legal solution to problems of this clients involving real estate transactions;
    3. The student will be acquainted with and have the ability to foresee far reaching results of his/her real estate practice and procedures; and
    4. Topics should be discussed in detail emphasizing the most current statues and cases as they apply in Pennsylvania.
  2. Planned Sequence of Topics and/or Learning Activities

    1. Introduction to real property
    2. Definition of real estate
    3. Personal property in real estate transaction
    4. Rights of ownership
    5. Public and private restrictions
    6. Easements and other nonpossessory rights
    7. Zoning and other governmental regulations
    8. How ownership is held, severalty, co-ownership
    9. Wills, inheritance, estate planning concerns
    10. Partnerships, corporations
    11. Transfer of interests in real estate, methods of transfer
    12. Deeds
      1. Components
      2. Warranties
    13. Contract law
      1. Components of a valid contract
      2. Statute of frauds
      3. Enforceability
      4. Default remedies
      5. Other laws that affect real estate contracts
    14. The real estate transaction
      1. Preparation of the agreement of sale
      2. Legal requirements effecting a valid contract
      3. Contingencies and addenda
      4. Closing
    15. Types of deeds and how to recognize them
    16. Financing and Regulation Z
    17. Reading legal descriptions
    18. Surveys
    19. Title matters
      1. Abstracts
      2. Title insurance and certificates of title
      3. Marketable title
      4. Clearing defects
    20. Financing instruments
    21. Preparation of closing exhibits
    22. RESPA
    23. Transfer of other interests
      1. Homeowner's associations
    24. Disbursement of funds
    25. Escrow funds
    26. Settlement costs
    27. Title clearance
    28. Post-closing procedures
    29. Recording documents
    30. Tax considerations
    31. Leases
      1. Contract provisions
      2. Landlord/Tenant Act
    32. Law and the real estate licensee
      1. License laws
      2. Fair housing laws
      3. Anti-trust laws
      4. Liability
    33. Disclosures
    34. Risk reduction
    35. Counsel of an attorney
    36. Law of agency
  3. Assessment Methods for Course Learning Goals

  4. Reference, Resource, or Learning Materials to be used by Student:

    1. See course syllabus for required textbook.
    2. The instructor will furnish sample forms of agreement of sale, deeds, mortgages, bonds, warrants, leases, affidavits of value, and other material referred to throughout the course.

Review/Approval Date - 5/02; New Core 8/2015