Objectives
a. To define real property and differentiate between types of ownership and estates.
b. To describe the different forms of concurrent ownership.
c. To discuss encumbrances, easements, and licenses.
d. To outline the basic requirements for a legal contract, explain the remedies for a breach of contract, and identify the parties to a contract.
e. To explain how to prepare a deed.
f. To identify the paralegal’s role in certain aspects of real estate finance.
g. To discuss title examinations, and explain the paralegal’s role in ordering and preparing title examinations.
h. To describe the importance of title insurance and discuss how to prepare an insurance commitment and review a title insurance policy.
i. To outline the parts of a real estate closing and discuss the closing process.
j. To provide samples of real estate documents including affidavits, deeds, closing statements and other documents, and explain how to complete each document.
k. To explain and differentiate between the condominium and cooperative form of property ownership.
l. To describe different methods of surveying and land description and explain how to prepare a legal description of land.
m. To discuss commercial leases and lease provisions, including the remedies for a default of the lease available to both the landlord and the tenant.