HomeMy WebLinkAboutLGL-205BERGEN COMMUNITY COLLEGE
DIVISION OF BUSINESS, ARTS & SOCIAL SCIENCE
DEPARTMENT OF LEGAL STUDIES
STUDENT COURSE OUTLINE
COURSE TITLE: LGL-205 Mechanics of Property Transactions
INSTRUCTOR: TELEPHONE:
OFFICE ROOM # OFFICE HOURS:
CREDIT & HRS: 3 credits (3 lec.)
PREREQUISITES: LGL-101 Fundamentals of Law, LGL-103 Legal Research
in Writing, LGL-220 Computer Assisted Legal Research,
and REA-101 Principles of Real Estate
COURSE
DESCRIPTION: LGL-205 Mechanics of Property Transactions is a study
Of New Jersey real estate legal practice and procedures concentrating
on such topics as conveyance, forms, and the theory and practices of
real estate transactions. Sample cases are used to illustrate the legal
assistant’s role in a real property conveyance.
REQUIRED TEXTS: Essentials of New Jersey Real Estate, Edith Lank & Joan M. Sobeck, Dearborn
Press
Residential Real Estate College, 2013 Seminar Material NJICLE
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LEARNING
OBJECTIVES:
OBJECTIVES ASSESSMENT METHOD
Demonstrate an understanding of
principles and practices that apply to
the real estate conveyance process
from beginning through closing.
Students that will review current
issues in class prepare 2 assigned
research homework problems and
take a quiz and a mid-term.
Demonstrate an understanding of the
many forms and issues involved in
transferring title to real property.
A comprehensive term paper case
problem will be completed.
Learn the importance and use of
land use principles, Mount Laurel,
and environmental issues in real
estate transactions.
Extensive class discussions will
examine current trends in these
important topics.
Develop an understanding of ethics
Rule 454 and other ethics principles
as applied to real estate transactions.
Students will review recent ethics
decisions that apply to real estate
transactions.
Be able to retrieve, organize, and
analyze real estate law information
using electronic and traditional
resources.
Assignments require legal research
skills using Westlaw etc.
Standard: By the end of the semester, at least 80% of the students in the course will
have achieved a grade of“70” or better on the assignments and will thus have
acquired an ability to handle real estate sale or purchase from inception through
closing.
COURSE CONTENT: (ALL SESSIONS ARE 3 HOURS)
SESSION ASSIGNMENT SUBJECT MATTER READING REF. MAT.
1. Discussion related to the difference between 45-54
the law and procedure. 209-217 255-
Review of real property concepts, fixtures, police Chapters 5, 9
powers, eminent domain.
2. Deed restrictions, third party interests Chapters 19
3. Encumbrances, leasehold and freehold interests . Chapter 6,7
4. Forms of property ownership, Review for Test 1 Chapters 9
5. Test 1, Taxation, appeals and related issues Chapter 8
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6. Contracts preparation and attorney review Chapter 9 71-89 73-91
219-229 265-275
environmental issues 57-69 59-71
Bulk Sales Act compliance on sales other than 1 family 295-302 347-354
properties, Issues inherent in Short Sales Assign Project 1
7 Mortgage documentation, and financing options Chapters 13-14-15
Freezing existing lines of credit 257 305
8 Surveys and title searches Chapter 20 133-139 177-184
Related communications 203-206 249-252
9 Adjustments and HUD Preparation Chapter 19 231-239 277-287
Lenders closing Instructions 147-202 193-248
Good Faith Estimate compliance 260 308
Assign Project 2, HUD
10 Deeds, deed preparation, Affidavits of Title, Chapter 19
Affidavits of Consideration, GIT forms
Escrow agreements, Use & Occupancy Test Review 241-250 289-298
11 Test 2 and Assignment of Term Paper Projects
12 Post closing correspondence 140-146 187-192
Condominiums and cooperatives,
General analysis and review of
Particular problems and procedures
Inherent in these forms of ownerships.
13 Residential Landlord/Tenant Assignments Chapter 12
14 Fair Housing Laws/Zoning
15 Term papers due and class discussion
EVALUATION PROCEDURE:
Assigned Homework Problems 20%
Test 1 20%
Comprehensive Test 2 30%
Comprehensive Term Paper 30%
SPECIAL NOTES :
1. If you miss a test for any reason, a make-up exam must be taken by you on the day your
return to class. The make-up will not be the same exam taken by your class. It will consist of
all essay questions. You may not take more than 1 make-up test for this class. A second exam
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missed will be a grade of “F” for the course.
2. Your homework assignments and comprehensive term paper are each on an assigned case
problem. Although other students may have the same problems, you must do
your own research and problem Any collaboration among students will result in a zero grade
on the paper and will be grounds for discipline according to the rules of the college.
3. If you deliver any assigned homework paper or your term paper after the date it is due but
within 5 days of the due date, you will suffer a penalty of minus 10 points. If you do not
deliver your paper within 5 days of the date it is due, you will receive a “0” grade on the paper.
4. LGL-205 is a legal specialty course. You must obtain a grade of “C” or better “C” is a 70
average, you are required to repeat the course.
Students who require accommodations by the Americans with Disabilities Act (ADA) can
request support services from the Office of Specialized Services of Bergen Community
College, 201-612-5270 or http://www.bergen.edu/pages/676.asp.
ATTENDANCE POLICY:
Any student who misses more than 2 classes will receive an
“F” for the course.
Arrival more than 30 minutes late or early departure will count as an absence.
Attendance will be taken after the break. Failure to return from the break will
count as an absence.
FACULTY ABSENCE PROCEDURE: IMPORTANT
A daily listing will appear in the glass case located in the front of the lobby of the main building
(administrative wing), which will indicate all classes which are cancelled. Another listing will
appear on the glass case adjacent to the Hotel/Restaurant bulletin board in the E building.
Students can consult these bulletin boards before going to class. If such class does not appear
on the day’s cancellation notice, this information should be conveyed either to the evening or
Saturday Office (L-113) or the Department Office (A-306C).
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