PRL 151 - Real Estate Law

1. State types of property
2. Describe types of ownership
   1. Define joint tenancy
   2. Define tenancy in common
3. Explain adverse possession
   1. Define adverse possession
   2. State elements of adverse possession
   3. Describe result of adverse possession
4. Outline condemnation
   1. Define condemnation
   2. List entities which may condemn
5. Prepare warranty and quit claim deeds
   1. Describe a warranty deed
   2. Describe a quit claim deed
   3. List necessary information
   4. Verify legal description
6. Write a legal description of real estate
   1. Select information necessary
   2. Review sequence for information
7. State purpose of recording instruments
   1. Define recordation
   2. List instruments requiring recording
8. Explain chain of title
   1. Define title
   2. Describe use of chain of title
9. Define abstract
10. Explain a title opinion
    1. Describe purpose of title opinion
    2. Describe entries in title opinion
11. Name types of financing agreements
12. Prepare a note and mortgage
    1. Define mortgage
    2. Select needed information
    3. Select appropriate format
13. Prepare a contract for deed
    1. Define contract for deed
    2. Select needed information
    3. Select appropriate format
14. State elements for a closing
15. Define escrow
16. Analyze landlord tenant relationship
    1. Define lease
    2. State obligations of landlord
    3. State obligations of tenant
    4. Describe covenant of quiet enjoyment
    5. Describe constructive eviction
17. Prepare a lease
    1. Select appropriate format
    2. Select necessary information
18. Contrast liability of tenant and landlord
    1. Describe impact of lease
    2. List situations of tenant liability
    3. Explain role of insurance
19. Prepare an offer to purchase
    1. Select appropriate format
    2. Select necessary information