Course ID: | LEGL(REAL) 5200. 3 hours. |
Course Title: | Real Estate Law |
Course Description: | How law impacts real estate, its ownership, conveyance, and development. Real property ownership interests, restrictions on such interest, methods of transferring such interest, private and public land-use controls, and legal transactions involving real estate, such as gifts, sales, and leases. |
Oasis Title: | Real Estate Law |
Prerequisite: | REAL 4000 or REAL 4000H or REAL 4000E |
Semester Course Offered: | Offered every year. |
Grading System: | A-F (Traditional) |
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Course Objectives: | Understanding how real estate law impacts real property
ownership, conveyance, and development. Familiarizing students
with real property ownership interests, restrictions on such
interests, methods of transferring such interests, private and
public land-use controls, the mortgage crisis of 2008 and
foreclosures, and legal transactions involving real estate, such
as gifts, sales, and leases. |
Topical Outline: | I. The Nature of Real Estate Interests
a. Sources of Real Estate Law
b. Land Interests: Present and Future
i. Freehold Estates and Accompanying Future Interests
c. Extent of Real Estate Interests
i. Air Rights, Surface, and Subsurface Rights
ii. Water Rights
iii. Trespass and Nuisance
iv. Premises Liability
d. Non-possessory Interests in Real Estate
i. Easements
ii. Profits
iii. Licenses
iv. Covenants
II. Real Estate Ownership
a. Co-Ownership of Real Estate
i. Tenancies in Common
ii. Joint Tenancies
iii. Tenancies by the Entirety
iv. Community Property
b. Landlord-Tenant Relationship
c. Commercial Leases
III. Transferring Title to Real Estate
a. The Broker’s Role in the Transfer of Real Estate
i. Types of Real Estate Broker Relationships
ii. Listing Agreements
iii. Responsibilities of Brokers/Agents
iv. Legal Duties to Third Parties
b. The Purchase Contract
i. Specific Requirements and Terms in Real Estate
Contracts
ii. Misrepresentation and Disclosure Statutes
c. Methods of Transfer and Conveyance in Real Estate
i. Types of Deeds
ii. Adverse Possession
iii. Gifts
iv. Recording Title
v. Closing
d. Foreclosures
IV. Real Estate and Economic Development
a. Zoning
b. Constitutional Issues in Real Estate
i. Eminent Domain
ii. Fair Housing Act
c. Environmental Law
d. Legal Issues in Land and Economic Development |