FBE 427

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FBE 427 – Real Estate Law

Syllabus – Spring 2014

Professor: Kevin C. Fields

Office: Bridge Hall 303E

Office Phone: 213.740.8764

E-mail: kfields@marshall.usc.edu (preferred method of

communication)

Course Website: Blackboard http://blackboard.usc.edu

Lecture Class

Mon. & Wed.

Room:

Section:

4:00 – 5:50 PM

MHP 106

15330R

Office Hours

Mondays 12:30 – 2:00 PM (or by appointment)

Wednesdays 12:30 – 2:00 PM (or by appointment)

Introduction and Course Objective

Every real estate deal is grounded upon an application of legal principles. The purpose of this

course is to provide you with the practical legal knowledge of specific substantive real estate law topics.

This course provides an overview of the legal aspects of real estate sales and ownership including: real

property rights; forms of land ownership and land interests; multiunit ownership; real estate brokers;

residential and commercial leases along with landlord tenant laws; financing, insuring, transferring and

selling real estate; requirements of real estate contracts; title, title insurance, zoning, land use, and

regulation and taxation of real property.

The class will stress topics relevant to students who will own real property, work in the real estate

field, or study real property in law school. Through your study, class discussions, assessments and

exercises, students will become better critical thinkers and able to make informed and effective real estate

decisions

Learning Objectives

This course is designed to provide a broad framework and understanding of relevant issues

students will face as potential business owners, employees, parents, and citizens of society. This course

will help you develop the following:

Global Objective

o Equip students to recognize legal issues and manage legal risks within the real estate area

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o Examinations will primarily test student’s ability to apply legal concepts discussed in class to

a factual scenario. In many situations, students will have to distinguish between relevant and

irrelevant facts to analyze the legal problem.

Detailed Objectives

o Understand the fundamental concepts of ownership, co-ownership, use, possession, transfer

and financing of real estate

o Identify and compare the nature of real estate and real estate interests including present and

future interests, fixtures, mechanics’ liens, and how to legally describe land interests

o Learn about the extent of real estate interests including air rights, right to sunlight, surface and

subsurface rights.

o Recognize duties landowners owe to others and how property is transferred after death through

intestate succession, wills, trusts and probate

o Acquaint students with an understanding of nonpossessory interests in property including as

easements, profits and licenses.

o Understand the obligations, rights and duties of landlords and tenants both in residential and

commercial leases and they are created and formed.

o Acquaint students with how real property is transferred including the role Broker’s play in the

transfer of real property, the purchase contract, methods of transfer and conveyance of real

property and how real property is financed.

o Understand the constitutional issues and federal taxation issues relevant to the ownership, use,

possession, transfer and financing of real estate

o Perform a negotiation exercise. The exercise is designed to improve critical thinking by having

students examine and evaluate their assumptions both in their own possession and that of their

advisory. During the negotiation, students will make inferences and interpret non-verbal cues

and analyze statements made. At the conclusion of the negotiation, students will prepare a

paper which will require students to critique their own strategy and develop a plan for

improving their strategy for future negotiations.

MARSHALL GUIDELINES

Learning Goals: In this class, emphasis will be placed on the USC Marshall School of Business

learning goals as follows:

Goal Description Course Emphasis

1

Our graduates will understand types of markets and key business areas

and their interaction to effectively manage different types of

enterprises

Low

2

Our graduates will develop a global business perspective. They will

understand how local, regional, and international markets, and

economic, social and cultural issues impact business decisions so as

to anticipate new opportunities in any marketplace

Low

3

Our graduates will demonstrate critical thinking skills so as to become

future-oriented decision makers, problem solvers and innovators

High

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4 Our graduates will develop people and leadership skills to promote

their effectiveness as business managers and leaders. Low

5

Our graduates will demonstrate ethical reasoning skills, understand

social, civic, and professional responsibilities and aspire to add value

to society

Moderate

6 Our graduates will be effective communicators to facilitate

information flow in organizational, social, and intercultural contexts. Moderate

Required Materials

Textbook: Contemporary Real Estate Law (1st Edition)

Author: C. Kerry Fields, Kevin C. Fields

Publisher: Wolters Kluwer, Law & Business

ISBN-10: 1-4548-1642-2

ISBN-13: 978-1-4548-1642-3

Other: Slides, handouts, supplemental readings/articles, and grades will be posted on Blackboard

Prerequisites: None

Other Materials: Wall Street Journal Subscription.

While not a required reading, students are strongly suggested to begin reading and becoming more

familiar with the Wall Street Journal. Many a recruiter, especially regarding business and accounting

majors, have asked former students to pick out an article they read in the past week from the WSJ and

discuss it with them while they are being interviewed. You have the ability as a student to sign up for the

WSJ at very inexpensive rates ($1.00 per week instead of the current annual rate of $501.80).

Note that the student rate provides access to the WSJ digital access as well. The WSJ’s digital

access in my opinion is one of the best digital newspapers around and is updated frequently throughout

the day and utilizes the functionality of iPads and other digitial devices very well.

If interested, go to:

1. www.wsj.com/spring14

2. Enter your information (school, name, email address, birth date)

3. Select me as your referring professor, if I am for whatever reason not listed, select Other and

enter my name.

Upon completion, you will have access to the WSJ Digital edition immediately and the delivery of the

print edition of the WSJ should begin in 3-5 business days.

Course Notes: Course materials will be provided on the course BlackBoard site. The course

BlackBoard site will include:

1. Course Documents

a. Includes this syllabus, any assigned readings, and instructions for the negotiation exercise

2. Lecture slides

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a. The PowerPoint lecture slides are grouped by topics covered on Midterm 1, Midterm 2 and

the Final respectively.

b. The slides are guides for classroom topics and discussion. You are required to know the

material discussed in the book and in the classroom – the slides are not comprehensive as

to what you are expected to know and be tested on.

c. Slides will be posted frequently throughout the semester.

3. Any supplemental materials discussed in class

4. Exam and Grade Information

a. A sample midterm exam will be posted

i. The exam which will be posted is either a whole or partial exam from a prior

semester.

ii. I do not answer questions about prior exams. You will learn more by studying and

trying to answer the questions in a group.

iii. Exam hints are provided throughout the course – If you have been attending class,

you will be adequately prepared.

b. Midterm & Final answer keys

c. Midterm & Final grades

d. I will periodically post a class total point standing by student ID number. The information

will be posted and current as of a certain date clearly indicated by the file. Note the first

posting of point standing will occur after the first midterm.

i. You are responsible for verifying that your grades are properly recorded. The last

day to make any correction to the gradebook is the last day of class. No gradebook

corrections will be made thereafter, including after the final exam is taken.

5. Office Hours (located in Bridge Hall 303E)

a. If students have any questions about the material covered in the class they should not

hesitate to see or contact me.

b. If a student cannot make the regular office hours, they should first try to send me an email.

While I can also be reached at 213.740.8764 where students can leave a message on my

voice mail with their name and phone number (with area code), my teaching

responsibilities make it nearly impossible for me to promptly respond to students’

telephone calls. However, I usually check and respond quickly to email and at all hours of

the day (and night).

6. Check the dates of your final examinations. No makeup for a final examination will be given, with

the following exceptions:

a. If the student can establish to my satisfaction that the student has three final examinations

on the same day (note, not within 24 hours of each other) one is scheduled for this class.

The current policy of the University of Southern California is to reschedule one of three

regularly scheduled final exams on one day; and/or,

b. If the student can establish to my satisfaction there is a verifiable conflict with any other

regularly scheduled examination during the final exam period for this class; or,

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c. In the context of extenuating circumstances with my prior written permission given in

advance of an examination. Verifiable proof will be required to evidence the basis for such

a request.

d. Note the foregoing does not apply to midterm examinations or the dates other assessments

are due.

Key Course Dates

Please Note: The date/time of the Final Exam is determined by the University. For the date and time of

the final for this class, consult the USC Schedule of Classes at www.usc.edu/soc. Select the corresponding

semester to view and click on the “Final Examinations Schedule” link on the left side of the screen.

Grading Summary:

Final grades for this course depend upon how students perform in this class relative to other

students. Consistent with the grading standards and policies of the Marshall School of Business, and the

academic policies and procedures of the University, for elective courses, such as this one, the suggested

targeted mean GPA is 3.3. While there is no mandated curve or hard target, the suggested GPA of 3.3 has

been consistent with the historical average grades earned in this class. There is no specific guideline with

respect to the number or percentage of any specific grade given or the numbers of persons who pass or

fail the course. Thus, discretion is given to each instructor regarding the assignment and distribution of

grades.

After each midterm exam and the final exam, students will receive a grade; however, the more

important performance predictor for the student’s final course grade is a student’s class rank. Rank is

more important than the interim letter grades because at the end of the semester, the total points

accumulated throughout the semester are “curved” to ensure compliance with the Marshall suggested

policies.

Date Time

1st Midterm Exam Wednesday, February 12, 2014 During class

2nd

Midterm Exam Monday, March 31, 2014 During class

Negotiation Paper Monday, April 14, 2014 Beginning of class

Final Exam Wednesday, May 07, 2014 4:30 - 6:30 p.m.

Assessment Points % of Grade

Tests

Midterm #1 150 27%

Midterm #2 165 30%

Final Exam 165 30%

Negotiation Paper 30 5%

Quizes 40 7%

Total points 550 100%

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There is a high correlation between the grades students receive on the midterm exams and final

exam and their final course grade. Variances from these grades occur where a student is above/below the

class average on the other assignments in the course (e.g. participation, negotiation paper, etc.).

Once the exam curves and final course curve are in place, they will not be reset to accommodate

individual requests. No relief will be granted on that basis. Grades are not open to negotiation. Petitions

for exceptions or understanding of particular needs to attain a higher grade for some reason will not be

honored. What is done for one student must be done for all, and the result is that if one student’s grade is

adjusted, so will all other students’ grades.

Typically about 25 points (+/- 5-10 points) typically separate each grade (i.e. B+ to an A-, etc.).

If trends continue with student performances, approximately 15-20% of the class will earn an A, 15-25%

will earn an A-, 20-30% will earn a B+, with the balance earning a B or below. This is not a predictor for

grading for this specific class as each class is unique. I have had classes where each individual area is

higher or lower. It just depends on the performance of each class.

ASSIGNMENTS AND GRADING DETAIL

Exams

All examinations are closed book/closed notes and non-cumulative. While every examination will

ask students to recognize definitions, the focus of the examinations will be on the application of the legal

principles that have previously been taught in the course to factual scenarios. Therefore, in preparing for

an examination, students will need to know the legal principles and then be able to apply those principles

to factual situations. It can be very helpful to form and use a study group to review the material.

Cooperative learning assists students in identifying their areas of weakness.

Exam Policies

1. Exams will be primarily by scantron. Each examination will also include a few (~3-4) short

answer or fill in the blank questions. The short answer or fill in the blank questions will be

worth more points than the multiple choice and true false questions. I will supply scantrons

and any paper for the short answer questions.

2. No electronic equipment or similar devices are to be open or used during any examination.

Such devices include but are not limited to Google Glass, iPhone’s, iPad’s, Blackberry’s, etc.

3. No talking or communicating with anyone in any form, except the instructor, is allowed during

any exam. Failure to abide by this rule will result in receiving a 0 for the exam.

4. It is your responsibility to check your exam to ensure that no pages are omitted and that you

have answered all of the questions. Requests for regarding due to claimed missing pages will

not be honored.

5. You are responsible for erasing modified answers on your scantron. Scantrons that are

incorrectly graded due to poor erasure marks will not be honored.

6. Unfortunately, from time to time, exam answers are incorrect. In the event the answer key was

incorrectly marked (i.e. the answer is B rather than C) the exam will be graded to reflect the

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correct answer. Where there are two or more correct answers, both answers will receive credit.

Where the question is vague all will receive credit for that question.

Makeup Exams

Make-up midterms will be given only in exceptional circumstances and will require prior written

permission. Note that makeup examinations are graded on the same curve as the balance of the class.

Student-athletes and others with verifiable schedule conflicts with the exam schedule must make

arrangements with the instructor at least one week prior to an exam date.

Exam answer challenges, discussed below, do not apply to makeup examinations. In addition, on

occasion I have been known to include an extra credit question on examinations. Makeup examinations

do not include any extra credit questions. It is prudent to make every effort to take the exam at the

scheduled time.

Exam Answer Challenges

Exam answers will be posted shortly after the exam (typically within a few hours). If you disagree

with a posted answer, you must do the following within 2 calendar days of the posting of the answer

key (for Midterm 1 and 2). Challenges to the final must be provided within 1 calendar day of the

posting of the answer key:

1. E-mail me with the following information:

a. the name of the course in the subject line,

b. the version number of the test (A or B),

c. the question number involved, and,

d. A complete analysis and argument of why your choice is the best of those presented within

2 calendar days of the examination. Your arguments are to be based upon what has been

taught in the course and in the book. Arguments based upon extraneous analyses are not

read.

2. I will post a revised answer key to the exam on Blackboard

3. No further discussion of the answers will be entertained as the curve will be set following the

challenge period.

Preparation

Students are expected to read each week’s assigned reading prior to class, and be prepared to

discuss and examine the concepts during class. It is expected that students will have read the material in

advance in order to make the class periods as engaging as possible. Students should always proceed to

the next reading assignment whether the previous reading has been fully discussed in class. Students

should also prepare thoroughly before class, making sure that they are clear on each concept as they

progress through the course.

Please do not hesitate to ask (or answer) questions. I enjoy the discussion. Students who routinely

and consistently participate in meaningful class discussions may receive quiz points to offset a missed

class or low quiz point score when a quiz was administered.

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Quizzes

To encourage students to prepare for class and review material, I will have 5 quizzes throughout

the semester. The quizzes will be given during class. Due to the challenging nature of the questions, they

are open book and open note and you may collaborate with fellow students. Only 4 of the 5 quizzes will

be counted for each student (i.e. you are allowed to drop (or miss) 1 of the 5 quizzes). If you take all 5

quizzes, the lowest quiz score will be dropped. Each quiz is worth 10 points for a maximum total 40 points

in the course. Earning full quiz points on 5 quizzes does not provide any additional points as 1 quiz score

is not counted.

If you will miss class to participate in a university sponsored activity, or religious holiday, you are

responsible for informing your instructor in writing at least one week before the impending absence. Your

quiz grade will not be impaired as a result of said activity or holiday.

Having a job application, the cold, flu, etc. or just not wanting to attend class are not excused

absences and you will not receive credit for the quiz missed. This is one of the reasons why I do not count

one of the quizzes.

Poll Everywhere

To improve interaction and stimulate discussion during class I plan to use Poll Everywhere to test

student’s understanding of concepts discussed in class. In order to participate with Poll Everywhere you

need to bring your cell phone, smartphone or laptop to class. You will be able to submit your answers to

in class questions by either text messaging the answer or voting over the web.

Poll Everywhere will be used often with end of chapter questions throughout the semester designed

to assist you in understanding the material. They assist me in focusing and explaining answer choices that

many people have missed without wasting anyone’s time for answer choices/questions that the class

understands.

Negotiation Exercise and Paper

Students will take part in a negotiation exercise this semester on a topic or legal principle discussed

in this course to provide a real world experience to the concepts learned in class. You will need to read a

brief summary prior to class of the exercise and prepare any pre class required documents. Detailed

information will be provided on Blackboard entitled under Negotiation Exercise. Students will need to

prepare a short paper on their experience. More details related to this assignment with instructions will be

provided on Blackboard.

The assignment must be turned in electronically through Turnitin on Blackboard. The assignment

is due at the start of our regularly scheduled class time. Any assignment turned in late, even if by only a

few minutes, will receive a grade deduction noted in the Negotiation Exercise document. If your internet

breaks down on the due date, you must go to the library, a friends residence, or other arrangement to

electronically submit the assignment by the start of class.

Class Notes Policy

Notes or recordings made by students based on a university class or lecture may only be made for purposes

of individual or group study, or for other non-commercial purposes that reasonably arise from the student’s

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membership in the class or attendance at the university. This restriction also applies to any information

distributed, disseminated or in any way displayed for use in relationship to the class, whether obtained in

class, via Blackboard, email or otherwise on the Internet, or via any other medium. Actions in violation

of this policy constitute a violation of the Student Conduct Code, and may subject an individual or entity

to university discipline and/or legal proceedings.

No recording and copyright notice

No student may record any lecture, class discussion or meeting with me without my prior express

written permission. The word “record” or the act of recording includes, but is not limited to, any and all

means by which sound or visual images can be stored, duplicated or retransmitted whether by an electro-

mechanical, analog, digital, wire, electronic or other device or any other means of signal encoding. I

reserve all rights, including copyright, to my lectures, PowerPoint slides, course syllabi and related

materials, including summaries, exams (current and prior), answer keys, and all supplementary course

materials available to the students enrolled in my class whether posted on Blackboard or otherwise. They

may not be reproduced, distributed, copied, or disseminated in any media or in any form, including but

not limited to all course note-sharing websites. Exceptions are made for students who have made prior

arrangements with DSP and me.

Actions in violation of this policy constitute a violation of the Student Conduct Code, and may subject an

individual or entity to university discipline and/or legal proceedings.

No Legal Advice

The material presented and the classroom discussions are for the students’ edification. They are

not intended to be legal advice to students in connection with any legal issue they or others may have. If

students have a legal matter, they are advised to promptly consult an experienced attorney who can

confidentially and fully review the facts and advise them of their legal rights and remedies. Quite often,

the facts dictate the result and only in the context of an attorney-client relationship can they be reviewed

and legal opinions rendered.

MARSHALL GUIDELINES

Add/Drop Process

In compliance with USC and Marshall’s policies classes are open enrollment (R-clearance)

through the first week of class. All classes are closed (switched to D-clearance) at the end of the first week.

This policy minimizes the complexity of the registration process for students by standardizing across

classes.

I can drop you from my class, without prior consent, if you don’t attend the first two class sessions.

The instructor is not required to notify the student that s/he is being dropped. Please note: If you decide

to drop, or if you choose not to attend the first two sessions and are dropped, you risk being not being able

to add to another section this semester, since they might reach capacity. You can only add a class after the

first week of classes if you receive approval from the instructor.

Retention of Graded Coursework:

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Final exams and all other graded work which affected the course grade will be retained for one

year after the end of the course if the graded work has not been returned to the student; i.e., if I returned a

graded paper to you, it is your responsibility to file it, not mine.

Statement for Students with Disabilities

Any student requesting academic accommodations based on a disability is required to register with

Disability Services and Programs (DSP) each semester. A letter of verification for approved

accommodations can be obtained from DSP. Please be sure the letter is delivered to me (or to my TA) as

early in the semester as possible. DSP is located in STU 301 and is open 8:30 a.m.–5:00 p.m., Monday

through Friday. The phone number for DSP is (213) 740-0776. For more information visit

www.usc.edu/disability. Please provide me (or my TA) the appropriate form two weeks in advance

of an examination.

If you are taking an examination at the DSP office and believe that a question is unclear,

incomplete, ambiguous or otherwise defective, you are advised that additional pages will be attached to

the examination placed at DSP. If you are making such a contention, then, you are required to clearly

state the problem you encountered with the question and why you answered the question in the manner

you did. Only with such information in hand at the time I grade your examination will I be able to gauge

the appropriateness of giving you credit for your answer to the subject question.

If for some reason, you must take the examination after the class has taken the examination, you

will take a comparable examination to that given the students in class.

Statement on Academic Integrity

USC seeks to maintain an optimal learning environment. General principles of academic honesty

include the concept of respect for the intellectual property of others, the expectation that individual work

will be submitted unless otherwise allowed by an instructor, and the obligations both to protect one’s own

academic work from misuse by others as well as to avoid using another’s work as one’s own. All students

are expected to understand and abide by these principles. SCampus, the Student Guidebook,

(www.usc.edu/scampus or http://scampus.usc.edu) contains the University Student Conduct Code (see

University Governance, Section 11.00), while the recommended sanctions are located in Appendix A.

Students will be referred to the Office of Student Judicial Affairs and Community Standards for

further review, should there be any suspicion of academic dishonesty. The Review process can be found

at: http://www.usc.edu/student-affairs/SJACS/. Failure to adhere to the academic conduct standards set

forth by these guidelines and our programs will not be tolerated by the USC Marshall community and can

lead to dismissal.

Students will be referred to the Office of Student Judicial Affairs and Community Standards for

further review, should there be any suspicion of academic dishonesty. The Review process can be found

at: http://www.usc.edu/student-affairs/SJACS/. Failure to adhere to the academic conduct standards set

forth by these guidelines and our programs will not be tolerated by the USC Marshall community and can

lead to dismissal.

The following are considered unacceptable examination behaviors: communication with fellow

students during an examination, copying materials from another student’s exam, allowing another student

to copy from an exam, the use of electronic devices to communicate to others during the exam, possession

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or use of unauthorized notes, electronic or other dictionaries during exams. The University’s Student

Conduct Code will be strictly applied. Students cannot achieve grades that they have not legitimately

earned. Part of Marshall’s mission is to remind students of the value systems that will regulate their

business lives, and breaching ethical standards cannot be condoned.

Emergency Preparedness/Course Continuity

In case of a declared emergency if travel to campus is not feasible, USC executive leadership will

announce an electronic way for instructors to teach students in their residence halls or homes using a

combination of Blackboard, teleconferencing, and other technologies. I will assign students a "Plan B"

project that can be completed at a distance.

Incomplete Grades Explanation

In incomplete (IN) grade may be assigned due to an “emergency” that occurs after the 12th week

of classes. An “emergency” is defined as a serious documented illness, or an unforeseen situation that is

beyond the student’s control, that prevents a student from completing the semester. Prior to the 12th week,

the student still has the option of dropping the class. Arrangements for completing an IN course should

be initiated by the student, and negotiated with the instructor. Class work to complete the course should

be completed within one calendar year from the date the IN was assigned. The IN mark will be converted

to an F grade should the course not be completed.

Evaluation of Your Work

You may regard each of your submissions as an “exam” in which you apply what you’ve learned

according to the assignment. I will do my best to make my expectations for the various assignments clear

and to evaluate them as fairly and objectively as I can. If, however, you feel that an error has occurred in

the grading of any assignment, you may, within one week of the date the assignment is returned to you,

write me a memo in which you request that I re-evaluate the assignment. Attach the original assignment

to the memo, and explain fully and carefully why you think the assignment should be re-graded. Be aware

that the re-evaluation process can result in three types of grade adjustments: positive, none, or negative.

Date Day Reading Material Material Covered

1/13 M Syllabus Course Introduction

1/15 W Chapter 1: Introduction to Real Estate Law Introduction & sources of real estate law

Overview of US legal system

1/20 M

1/22 W Chapter 2: Real Property Rights and Interests Landowner's rights (above & below ground), Nuisance

1/27 M

Landowner's rights cont. Trespass to land, & Duties

owed to third parties

Video: Trespassers (~2 min)

1/29 WChapter 3: Easements and Other

Nonpossessory RightsEasements, profits, licenses, covenants

2/3 M Chapter 4: Real Property Estates and FixturesFixtures, creditors' rights, & freehold estates

Critical Thinking Exercise - Hypothetical

2/5 W freehold estates (cont.)

2/10 M Chapter 5: Land Descriptions Surveying, land descriptions & informal references

2/12 W

2/17 M

2/19 W Chapter 6: Agency and Real Estate Brokers

Agency, brokers and salespersons, types of listing

agreements, licensing, duties to principals and third

parties, federal laws

2/24 M Agency chapter cont.

2/26 W Chapter 7: The Purchase Contract

Contract primer, formation, terms, interpretation,

remedies, defenses, ILSFDA

Class example: Purchase Contract (RPA-CA)

3/3 MChapter 8: Valuation and Financing of Real

Estate

Appraisals, Mortgages, Deeds of Trust, Regulation,

Construction Loans, Installment land sale contracts

3/5 W Chapter 9: Deeds, Title, and Closing Deeds, title, closing, RESPA

3/10 M Closing, RESPA (cont.)

3/12 WChapter 10: Defaults, Workouts, and

Foreclosures

Default, workouts, foreclosure, tax sales, federal

consumer relief laws, mortgage guaranty insurance

3/17 M

3/19 W

3/24 MChapter 17: Construction Law, liens, and

Remedies

Construction process, types of agreements, defects, liens,

mechanics' liens, stop notices, bonds

3/26 W Negotiation materials (Blackboard) Negotiation Class exercise

3/31 M

4/2 W Chapter 11: Ownership of Real PropertyIndividual & concurrent ownership, Rights, Duties,

business entity ownership, securities

4/7 MChapter 12: Multi-unit Dwellings and Property

Management

Common-interest developments (condos, townhouses,

etc.), property owners associations, property mangement

4/9 WChapter 13: Residential and Commercial

Leases

Tenancies, rental rates, lease provisions & covenants,

selecting tenants liability, assignments & subleases

4/14 MNegotiation Paper Due

Residential and commercial leases (cont.)

4/16 W Chapter 14: Insuring Real PropertyInsurable interest, buying insurance, insurance contract,

duties of the insured/insurer, emerging issues

4/21 MChapter 15: Transfers by Operation of Law,

by Gift, and After Death

Adverse Possession, eminent domain, transfers by gift,

Intestate succession, wills, trusts and probate

Video: Adverse possession (~5 min)

4/23 WTransfers by Operation of law, gift and after death

(cont.)

4/28 MChapter 16: Real Estate Taxation, Zoning,

and Land Use IssuesTaxes, zoning, and covenants to land

4/30 W Taxation, zoning and land use (cont.)

~SPRING BREAK~

FINAL EXAM (Chapters 11-16)

Midterm #1 (Chapters 1 - 5)

Midterm #2 (Chapters 6 - 10, & 17)

COURSE READINGS/CLASS SESSIONS

Spring 2014

~ Martin Luther King's Birthday ~

~ Presidents' Day ~

~SPRING BREAK~