Standard |
Introduces the student to the basic concepts of real property law as they pertain to common types of real estate transactions. Additionally, emphasis will be placed on practical skills such as document preparation and title examination. Topics include: real estate contracts, plat reading and legal descriptions, types and purposes of deeds, title searches, common real estate mortgages and documentation, real estate closing and closing statements, recordation statutes and requirements, and elements of the lease.
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Competency Areas |
Hours
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Real Estate Contracts |
Class |
5 |
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Plat Reading and Legal Descriptions |
D. Lab |
0 |
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Types and Purposes of Deeds |
P. Lab/O.B.I. |
0 |
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Title Searches |
Credit |
5 |
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Common Real Estate Mortgages and Documentation |
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Real Estate Closing and Closing Statements |
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Recordation Statutes and Requirements |
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Elements of the Lease |
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Prerequisite: |
Program admission |
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Corequisite: |
PLS 101 |
Course Guide |
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Competency |
After completing this
section, the student will: |
Hours |
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Class |
D.Lab |
P.Lab/ O.B.I. |
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REAL ESTATE CONTRACTS |
5 |
0 |
0 |
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Contracts |
Recognize the components that comprise a basic real estate contract. |
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Explain how each component in a real estate contract establishes the rights and duties of the parties involved in the contract. |
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PLAT READING AND LEGAL DESCRIPTIONS |
10 |
0 |
0 |
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Legal descriptions |
Read a plat of survey. |
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Draft a variety of legal descriptions. |
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TYPES AND PURPOSES OF DEEDS |
5 |
0 |
0 |
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Deeds |
Identify the various types of deeds, along with the components which comprise each deed type. |
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Explain the purposes for each type of deed. |
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TITLE SEARCHES |
10 |
0 |
0 |
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Title examinations |
Identify what steps are necessary in order to perform a title search. |
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Access court records. |
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Access administrative/governmental records. |
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Consult with officers of the court, administrative agencies, and resource persons. |
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Summarize documents/materials. |
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COMMON REAL ESTATE MORTGAGES AND DOCUMENTATION |
10 |
0 |
0 |
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Real estate financing |
Discuss the common types of real estate mortgages. |
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Identify which documents are necessary to effectuate each type of mortgage. |
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Prepare documents which are necessary to effectuate a basic mortgage. |
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5 |
0 |
0 |
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Identify the items which are generally covered on a closing statement. |
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Identify basic components of title policies. |
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Discuss the purpose of a closing statement. |
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Describe what transpires at a real estate closing. |
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Obtain printed forms. |
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Prepare printed forms. |
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Draft documents. |
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Proofread prepared materials. |
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Obtain signatures. |
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Coordinate document notarization. |
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RECORDATION STATUTES AND REQUIREMENTS |
3 |
0 |
0 |
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Describe the recording statutes and the necessity for recordation. |
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Prepare documents. |
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File documents. |
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ELEMENTS OF THE LEASE |
2 |
0 |
0 |
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Describe the basic elements of a lease. |
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Describe the differences between conveyancing and leasing. |
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Suggested Resources |
Suggested Resources include textbooks shown below or most
current edition.
Flynn, D. (1986). Introduction to real estate
law (2nd ed.). St. Paul: West.
ABA Journal
American Lawyer
Fulton County Daily Report
Georgia State Bar Journal
Legal Economics
Legal Professional
National Paralegal Professional
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