PRL 151 - Real Estate Law

Credits: 3
Lecture Hours: 3
Lab Hours: 0
Practicum Hours: 0
Work Experience: 0
Course Type: Open

This course will cover a study of the law of real property with an examination of common types of real estate transactions and conveyances. An exploration of the history of the real property system used in the United States and methods to finance real estate transactions, title examination and title insurance will also be included.
Prerequisite: PRL 102, PRL 103, PRL 112
Competencies

Examine Estates in Land and Future Interests
1. Classify Property and Estates
2. Identify Types of Concurrent Ownership
3. Describe Various Future Interests
Explain Adverse Possession
1. Define Adverse Possession
2. State Elements of Adverse Possession
3. Describe Result of Adverse Possession
Analyze Rights Incident to Ownership
1. Compare Surface and Water Rights and Emblements
2. Define Nuisance, Fixtures and Waste
Differentiate Various Types of Land Use
1. Describe Covenants
2. Discuss Easements
3. Define Zoning
Examine Conveyance of Title
1. Explain Land Contracts
2. Define Various Deeds
3. Discuss Mortgages
Discuss Real Estate Closing Procedures
1. Identify the Legal Description
2. Define Recordation
3. Describe Chain of Title and Abstract
Compare Other Types of Real Estate Interests
1. Distinguish Condominiums, Cooperatives and Commercial Property
2. Discuss Landlord-Tenant Law
3. Define Personal Property and Fixtures