PLG-210 Real Property Law & Practice

This course is designed to introduce the student to the principles of real property practice. Topics to be covered include elements of real property law, contracts, deeds, encumbrances, legal descriptions, title protection, mortgages, closings, and leases. Emphasis will be placed on the completion of real estate documents and the practicalities of filings and recordings. Offered on a regular rotating basis.

Credits

3

Prerequisite

PLG-100 and PLG-125

Department

• Business

Semesters Course Will Be Offered

• Fall

Course Rotation Schedule

• Fall: Online

For more detailed course information view the Course Outline

PLG 210: Real Property Law & Practice

Department

Business

Course Description

This course is designed to introduce the student to the principles of real property practice. Topics to be covered include elements of real property law, contracts, deeds, encumbrances, legal descriptions, title protection, mortgages, closings, and leases. Emphasis will be placed on the completion of real estate documents and the practicalities of filings and recordings. Offered on a regular rotating basis.

Credit Hours

3

Contact Hours

Lecture	3
Lab	0
Other	0

Grading Scheme

Letter

Semester(s) Course Will Be Offered

Fall

Prerequisites

PLG-100 and PLG-125

Course Learning Outcomes

1. Recognize various forms of real property ownership
2. Explain the steps involved in a real estate transfer transaction.
3. Prepare various documents involved in basic real estate transactions.

Topic Outline

1. 1. Introduction to the law of real property
2.     a. Methods of acquiring ownership
3.     b. Types of ownership
4.     c. Encumbrances
5.     d. Easements and licenses
6. 2. Real estate contracts
7.     a. Contract requirements
8.     b. Elements of a real estate sales contract
9.     c. Preparation and review of real estate sales contracts
10.     d. Remedies for breach of contract
11.     e. Real estate brokers
12.     f. Types of contracts
13.         i. Residential
14.         ii. Commercial
15.         iii. Construction
16. 3. Real estate transactions
17.     a. Deeds
18.         i. Types
19.         ii. Elements
20.         iii. Deed preparation and recording
21.     b. Real estate finance
22.         i. Promissory notes
23.         ii. Mortgages
24.         iii. Other related documents
25.     c. Surveys and legal descriptions
26.         i. Surveys
27.         ii. Legal property descriptions
28.     d. Real estate title searches and title reports
29.     e. Title insurance
30.         i. Owner's policy
31.         ii. Mortgagee policy
32.     f. Real estate closings
33.         i. File and document preparation
34.             (1) From the seller's perspective
35.             (2) From the buyer's perspective
36.         ii. Actual closing
37.         iii. Disbursing, recording, and transmitting final documents and funds