10110110Real Estate Law - Legal Studies/Paralegal
Course Information
Description
Students are introduced to basic real estate terminology and get practical experience drafting and evaluating common real estate documents.
Total Credits
3
Course Competencies
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Explain the distinction between real property and personal propertyAssessment StrategiesQuiz, Scenario Response, Discussion, Written AssignmentCriteriaDefine real propertyDefine personal propertyExplain the differences between real property and personal property
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Distinguish among the various methods of acquiring, holding, and transferring real propertyAssessment StrategiesQuiz, Scenario Response, Discussion, Written AssignmentCriteriaDescribe methods of holding title under Wisconsin law including sole ownership, joint tenancy, and tenancy in commonExplore the components of survivorship marital propertyExplain the processes for acquiring property by inheritance, gift, purchase contract, and adverse possessionDescribe the various forms of easements recognized under Wisconsin lawEvaluate the effect of legal encumbrances (liens, easements, and encroachments) on the use and value of real propertyExplore the racial gaps in home ownershipOutline initiatives to correct the racial gap in home ownership in WisconsinAnalyze the origin of race as a basis for denial of home or land ownership
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Prepare common real estate documentsAssessment StrategiesQuiz, Scenario Response, Discussion, Written AssignmentCriteriaDraft accurate and complete common Wisconsin real estate documents and provisions such as deeds, promissory notes, purchase documents, leases, foreclosure documents, legal descriptions, and other common documentsDraft documents with required components and provisionsDraft documents without provisions that are contrary to Wisconsin or federal lawsUse correct grammar, spelling, and punctuationInclude accurate information in real estate formsUse correct real estate terminologyAvoid irrelevant and unnecessary details on completed documents
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Explain the rights of government to control land useAssessment StrategiesQuiz, Scenario Response, Discussion, Written AssignmentCriteriaDescribe various circumstances where the government can control land useDiscuss the impact of the government’s exercise of control of land use on owners’ rights
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Analyze real estate forms and completed documentsAssessment StrategiesQuiz, Scenario Response, Discussion, Written AssignmentCriteriaDescribe the key components of common Wisconsin real estate documents including sales contracts, deeds, listing contracts, loan commitments, promissory notes, and mortgagesIdentify the essential elements of real estate documents and determine which forms to use in a specific real estate transactionIdentify irrelevant and unnecessary details in completed real estate documentsUse correct grammar, punctuation, and spellingUse correct real estate terminology
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Explore a Wisconsin policy of title insuranceAssessment StrategiesQuiz, Scenario Response, Discussion, Written AssignmentCriteriaDescribe the components of a Wisconsin policy of title insuranceUse correct real estate terminologyExplain the components of Wisconsin's system of recording title to real estate
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Identify and distinguish between residential and commercial real estate documents and transactionsAssessment StrategiesQuiz, Scenario Response, Discussion, Written AssignmentCriteriaDescribe the components of a standard Wisconsin residential leaseDescribe the components of a standard Wisconsin commercial leaseContrast the components of commercial and residential lease provisionsEvaluate completed lease agreements for document formatting, appropriate terminology, grammar and spelling, and completenessAnalyze local and state rules related to discrimination based on race or ethnicity in home leasing