Real Estate Law - No. 0311

This course covers selected areas of real estate law, including legal concepts of real estate, land descriptions, real property rights and estates in land, contracts, conveyances, encumbrances, foreclosures, recording procedures and evidence of titles.

Table of Contents

1. Legal Concepts and Descriptions

• Common Terms
• Land Description
• Vertical Land Description
• Physical Land Characteristics
• Economic Land Characteristics

2. Real Property Rights

• Land Ownership Systems
• Fee Simple
• Encumbrances
• Easements
• Encroachments
• Deed Restrictions
• Estates
• Subsurface Rights
• License
• Chattels
• Types of Ownership
• Government Rights

3. Conveyances

• Deed Basics
• Common Deed Types
• Other Deed Types
• Conveyance After Death
• Other Transfer Methods

4. Contracts

• Contract Essentials
• Types of Contracts
• Legal Effect
• Electronic Transactions
• Performance & Discharge
• Breach of Contract
• Sales Contracts
• Specific Principles
• Federal Clauses
• Disclosures
• Option Contracts
• Installment Contracts
• Lease / Option to Buy
• Right of First Refusal
• Exchange Agreements

5. Encumbrances

• Early Mortgages
• Hypothecation
• Lien vs. Title
• Equitable Mortgage
• Deed as Security
• Deed of Trust
• Chattel Mortgage
• Promissory Note
• Loan Assumption
• Novation
• Debt Priorities
• First Lien Mortgage
• Chattel Liens
• Miscellaneous Liens

6. Foreclosure

• Judicial / Nonjudicial
• Deficiencies
• Redemption
• Deed of Trust
• Deed vs. Foreclosure

7. Recording and Titles

• Need for Public Records
• Recording Acts
• Recording Requirements
• Records Organization
• Chain of Title
• Abstract of Title
• Title Insurance
• Texas Title Policy
• Mortgagee's Policy
• Quiet Title Suit

The course contains several practice quizzes, exercises, flashcards and chapter exams and is completed with a multiple choice final exam.