Introduction to Real Estate Law and Practice
- Semester: Fall 2020
- Course ID: 331K
- Credit Hours: 3
Unique: 27500Online-only Class Unique: 27501
- Grading Method: Pass/Fail Not Allowed
- Will use floating mean GPA if applicable
- Upperclass-only elective
|TUE, THU||4:15 - 5:30 pm||TNH 3.124|
|Final (administered by Exam4)||December 16, 2020|
The 27500 section of this course will be taught in person but with the option of occasional remote participation via Zoom. If students require all remote participation, they must register for the 27501 section of this course, which is identical but web-based.
Introduction to Real Estate Law and Practice is for students with little or no knowledge or experience in the industry. This course will begin with an introduction to the commercial real estate industry, including the basic vocabulary and law. This course will review legal theory in the areas of contracts, property (including condominium law), agency, tax (federal income tax and property tax), land use, and business entities; and will apply those areas of law to purchase and sale agreements, brokerage arrangements, leases of improved real estate, choice of ownership entity, acquisition and construction financing, eminent domain and insurance. This course will include a discussion of various types of legal practices in the area of real estate law. This course will only tangentially deal with residential real estate. Materials to be used will include a traditional textbook supplemented by materials supplied by the professor in PDF format. There are no formal prerequisites.