Transactional Practice Readiness (TPR):Real Estate Law

SLN #: 88062
Course Prefix: LAW-691
Course Section: 019
Credit Hours: 3
Instructor(s): Gilman;Wood

Course Description:
This seminar course focuses on transactional practice-readiness skills in real estate transactions. In addition to discussion of certain aspects of real estate law topically, this course is intended to simulate real estate law practice in a real world environment and enhance practice-readiness in transactional practice. The process of buying, selling, and developing real estate from a legal perspective, legal documentation used, and the due diligence involved in these transactions will be examined. Real estate transactions are often impacted by federal and state laws, local laws and ordinances, and the rights of parties that have interests in the title to the particular real estate. This course includes a look at the impact of laws and regulations and various property rights and interests, in a commercial real estate transaction. Real estate purchase and sale documentation and due diligence will be explored from a practice-readiness perspective, including letters of intent, options, rights of first refusal and rights of offer, leases, deeds and deed restrictions, use restrictions, easements, and other liens and encumbrances on property title. Students will gain experience in drafting and negotiating purchase and sale documents. They will also gain experience in the use of escrows and the import of title insurance in real estate transactions, including review of property title and survey, preparation of escrow instructions, and preparing and reviewing client communications in a transactional real estate context. Students will learn how to maintain a real estate forms/provisions library, and will contribute provisions to, and have access to, a cumulative forms library. Throughout the course, students will do practice-readiness projects taking the students from a term sheet, to drafting and negotiating documents, through the closing of a commercial real estate transaction. There will be no final exam in this class.

Additional Information:
Credit Hours: 3
Grading Option: Letter Grade Only
Graduation Writing Requirement: No
Flexible Writing Requirement: Yes
Skills Requirement: Yes
Experiential Learning: Yes
Prerequisite: JD Students Only
Special Withdrawal Course: No
Limited Enrollment Number: 18
Final Exam Given: No
Attendance Policy: Per Statement Of Student Policies

* The law school has a policy that Is used To calculate credit hours. Please see the Statement of Student Policies.