MCCCD Program Description

Principles of Real Estate Law

Course: REA281

First Term: 1993 Fall

Lecture 3 Credit(s) 3 Period(s) 3 Load
Subject Type: Occupational
Load Formula: S

Description: Incidents of ownership and use of real estate, legal principles, procedures, and methods of acquisition and disposition of real estate

MCCCD Official Course Competencies
1. Read, comprehend and apply basic land descriptions to real property. (I) 2. Describe different estates in real estate and how they may be created and applied to transaction. (II) 3. Describe the use and application of various forms of title evidence, and the different steps and procedures involved in processing of evidence of title to real estate. (III) 4. Apply prescribed procedures for transferring title to real estate. (III) 5. Prepare the different forms of conveyances and describe the manner in which different tenancies are created. (IV) 6. Describe the transfer of title of real estate by non-conveyance methods and events. (V) 7. Describe the use and application of a contract in connection with transfers of real estate. (VI) 8. Interpret closing and/or escrow documents. (VI) 9. Describe the position and responsibilities of brokers and agents in real estate transactions. (VII) 10. Describe necessary insurance coverages for real estate. (VIII) 11. Describe various methods for and the mechanics of developing real estate. (IX) 12. Describe legal proceedings applicable to real estate. (X) 13. Describe the application and impact of taxes upon real estate. (XI) 14. Describe federal and state laws which affect real estate. (XII) 15. Describe the rights of owners and tenants in real estate transactions.(XIII) 16. Describe the use and application of the Land Trust Concept. (XIV)
MCCCD Official Course Competencies must be coordinated with the content outline so that each major point in the outline serves one or more competencies. MCCCD faculty retains authority in determining the pedagogical approach, methodology, content sequencing, and assessment metrics for student work. Please see individual course syllabi for additional information, including specific course requirements.

MCCCD Official Course Outline
I. Land and Descriptions A. Introduction and Land Elements B. Fixtures C. Land Ownership and Acquisition D. Sectional Descriptions E. Plat Descriptions F. Survey Descriptions G. Arcs and Curve Usage H. Description Drafting II. Estates in Real Estate A. Estates Via Time B. Future Interests C. Easements D. Easement Demonstrations E. Ownership Interests F. Condos, Co-ops, Etc. G. Time-Sharing H. Partnership, Ventures, Assocs, and Corporations I. Easements III. Recording and Title Evidence A. Acknowledgement B. Recordation C. Title Evidence D. Chain of Title E. Title Processing F. Title Exams G. Title Insurance IV. Conveyances A. Conveyance Identity B. Deeds and Conveyances C. Arizona Statutory Conveyances D. Creating Tenancies E. Deed Forms and Comparisons F. Deed Drafting Examples G. Encumbrances H. Dedications I. Accession J. Easements V. Other Transfers, Etc. A. Dower and Courtesy B. Community Property C. Community Property Incidences D. Homestead E. Intestate Descent F. Wills and Trust G. Divorces H. Foreclosures I. Fiduciaries J. Attorneys in Fact VI. Contracts A. Contracts for Sale of Real Estate B. Listing Agreements C. Offer and Receipt D. Closing E. Escrows F. Land Contracts G. Options VII. Brokers and Agency A. Brokers and Agents B. Administrative Regulations C. Agency Relationship D. Broker as Special Agent E. Broker and Sales Person F. Buyer and Seller Positions G. Termination of Agency H. Duties and Liabilities to Principle I. Duties and Liabilities to Third Parties J. Ethics K. Termination VIII. Insurance A. Hazard Insurance B. Other Insurance C. Practices IX. Development A. Assembly and Development B. Zoning C. Subdivision D. Restrictions E. Industrial Parks et al F. PUD G. Declaration of Restriction (CC & RS) H. Property Owners Association X. Litigation A. Lis Pendens B. Adverse Possession on Limitation C. Quiet Title D. Partition E. Condemnation F. Ejectment G. Forcible Entry and Detainer H. Summary Recovery XI. Taxes A. Ad Valorum B. Assessments C. Tax Sales D. Tax Liens E. Tax Aspects of Real Estate F. Tax Shelters XII. Federal and State Regulations A. Land Development in General B. ISLSA C. FREPCSA D. Truth in Lending E. Real Estate Sanctions F. Uniform Commercial Code G. Land Fraud Acts H. Alien Land Laws I. Blind Trust Acts J. Statute of Frauds K. Discrimination L. Disclosures M. Warranty of Habitability N. Escheat O. Sale of SubDiv Land P. Sale of UnSubDiv Land XIII. Rights of Owners and Tenants A. Landlord and Tenant B. Mobile Homes C. REHAB D. Building Warranties E. Easements and Adjoining Owner F. Encroachments G. Lateral Supports XIV. Land Trust A. Land Trust Concept B. Land Trust Use in Arizona C. Land Trust Activities and Mechanics

MCCCD Governing Board Approval Date: 4/27/1993

All information published is subject to change without notice. Every effort has been made to ensure the accuracy of information presented, but based on the dynamic nature of the curricular process, course and program information is subject to change in order to reflect the most current information available.