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National College Credit Recommendation Service

Board of Regents  |  University of the State of New York

Real Property Law- LawShelf Educational Media

Descriptions and credit recommendations for all evaluated learning experiences

Length:

Various (self-study, self-paced).

Dates:

December 2021 - Present. 

Objectives:

At the completion of this course, students will be able to: describe the roles of brokers and attorneys in real estate transactions; identify different real estate financing strategies and differentiate between them; analyze and explain common contractual terms found in real estate contracts and mortgage agreements; describe the federal and state-imposed limits on foreclosure; explain the process of conducting due diligence and its significance; differentiate between types of deeds and explain the features of each; describe the mortgage application process; Identify the steps buyers should take to prepare for the mortgage application process; differentiate between mortgages such as fixed-rate, adjustable-rate, and balloon-payment mortgages; distinguish between the three types of recording statutes: race, notice, and race-notice; and identify the laws that prevent discrimination and ensure equal opportunity in mortgage lending.

Instruction:

This course discusses the purchase and financing of real estate, due diligence in real estate transactions, property ownership and rights, and the unique challenges associated with common property ownership. Other topic include the role of a real estate broker, real estate financing, common aspects of real estate contracts, and a look at mortgages and foreclosures. The mortgages section of the course covers the concepts, documents, and regulations important to transactions wherein land is used to secure a purchase loan. It discusses disclosures, document execution, closing procedure, consumer protection laws, default and foreclosure.

Credit recommendation:

In the lower division baccalaureate/associate degree category, 3 semester hours in Real Property (6/21) (11/21 administrative review).

Length:

Various (self-study, self-paced).

Dates:

June 2021 - Present. 

Objectives:

Upon successful completion of the course, students will be able to: analyze the legal protections of property rights that owners of subsurface mineral and petroleum resources possess; identify the groundwork for dormant mineral acts under the law; articulate the functions and necessity of granting clauses and habendum clauses in mineral leases; describe how mineral leases differ from other real property leases; and explain how the federal government manages private exploration and extraction of publicly managed natural resources.

Instruction:

This course focuses on the ownership, exploration, and accessing of subterranean resources and focuses on the development of oil, gas, and mineral law and discusses applicable common law rules including the rule of capture and the doctrine of correlative rights. Other topics include mineral rights, subsurface rights, extractions, and the legal aspects of contracts to allow all of these.

Credit recommendation:

In the upper division baccalaureate degree category, 3 semester hours in Business Law, Management, or Paralegal Studies (6/21).

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