Maricopa Community Colleges  REA281   19902-19935 
Official Course Description: MCCCD Approval: 12/12/89
REA281 19902-19935 LEC 3 Credit(s) 3 Period(s)
Principles of Real Estate Law
Incidents of ownership and use of real estate, legal principles, procedures, and methods of acquisition and disposition of real estate. Prerequisites: REA181 or departmental approval.
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MCCCD Official Course Competencies:
 
REA281   19902-19935 Principles of Real Estate Law
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 presrcibed procedures for transferring title to real estate. (III)
5. Prepare the different forms of conveyences and desrbie 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.
9. Desribe 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)
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MCCCD Official Course Outline:
 
REA281   19902-19935 Principles of Real Estate Law
    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. Attoneys 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. Descrimination
                              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
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