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
  1. Explain the distinction between real property and personal property
    Assessment Strategies
    Quiz, Scenario Response, Discussion, Written Assignment
    Criteria
    Define real property
    Define personal property
    Explain the differences between real property and personal property

  2. Distinguish among the various methods of acquiring, holding, and transferring real property
    Assessment Strategies
    Quiz, Scenario Response, Discussion, Written Assignment
    Criteria
    Describe methods of holding title under Wisconsin law including sole ownership, joint tenancy, and tenancy in common
    Explore the components of survivorship marital property
    Explain the processes for acquiring property by inheritance, gift, purchase contract, and adverse possession
    Describe the various forms of easements recognized under Wisconsin law
    Evaluate the effect of legal encumbrances (liens, easements, and encroachments) on the use and value of real property
    Explore the racial gaps in home ownership
    Outline initiatives to correct the racial gap in home ownership in Wisconsin
    Analyze the origin of race as a basis for denial of home or land ownership

  3. Prepare common real estate documents
    Assessment Strategies
    Quiz, Scenario Response, Discussion, Written Assignment
    Criteria
    Draft 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 documents
    Draft documents with required components and provisions
    Draft documents without provisions that are contrary to Wisconsin or federal laws
    Use correct grammar, spelling, and punctuation
    Include accurate information in real estate forms
    Use correct real estate terminology
    Avoid irrelevant and unnecessary details on completed documents

  4. Explain the rights of government to control land use
    Assessment Strategies
    Quiz, Scenario Response, Discussion, Written Assignment
    Criteria
    Describe various circumstances where the government can control land use
    Discuss the impact of the government’s exercise of control of land use on owners’ rights

  5. Analyze real estate forms and completed documents
    Assessment Strategies
    Quiz, Scenario Response, Discussion, Written Assignment
    Criteria
    Describe the key components of common Wisconsin real estate documents including sales contracts, deeds, listing contracts, loan commitments, promissory notes, and mortgages
    Identify the essential elements of real estate documents and determine which forms to use in a specific real estate transaction
    Identify irrelevant and unnecessary details in completed real estate documents
    Use correct grammar, punctuation, and spelling
    Use correct real estate terminology

  6. Explore a Wisconsin policy of title insurance
    Assessment Strategies
    Quiz, Scenario Response, Discussion, Written Assignment
    Criteria
    Describe the components of a Wisconsin policy of title insurance
    Use correct real estate terminology
    Explain the components of Wisconsin's system of recording title to real estate

  7. Identify and distinguish between residential and commercial real estate documents and transactions
    Assessment Strategies
    Quiz, Scenario Response, Discussion, Written Assignment
    Criteria
    Describe the components of a standard Wisconsin residential lease
    Describe the components of a standard Wisconsin commercial lease
    Contrast the components of commercial and residential lease provisions
    Evaluate completed lease agreements for document formatting, appropriate terminology, grammar and spelling, and completeness
    Analyze local and state rules related to discrimination based on race or ethnicity in home leasing