Real Estate

Course Objectives

Build a strong knowledge base as you discover how legal concepts are put into practice every day.

Learn to identify key words and phrases and define them on the spot.

Learn worded descriptions of real property

Outline of Instruction

Lesson 1 - The Law of Property
If you've ever considered becoming a real estate broker, buying or selling a home, investing in real estate, or getting into real estate law, this is the course for you! In Lesson 1, you'll learn about the key differences between real and personal property, as well as some of the unique characteristics of land. You'll also get an overview of all the varied classifications of real property-you may be surprised by all the possibilities!

Lesson 2 - All About Estates
If you own property, does that mean you can do anything you like with it? In today's lesson, you'll learn about what kinds of titles carry which kinds of rights. There's one type of title you'll want above all others, and you need to know about it long before you ever think about buying any real estate. We'll also look at what happens when two or more people own property together. This can get complicated, so we'll untangle who has the right to do what

Lesson 3 - The Importance of Property Boundaries
Most people don't know anything about property boundaries . . . until they're unpleasantly surprised by someone knocking down their back fence. In this lesson, you'll discover how to read and understand the different types of property descriptions, how to avoid disputes about them, and how to make this inside knowledge work for you

Lesson 4 - Sales and Foreclosures
In this lesson, you'll learn about the basic contract requirements involved in selling property. Don't worry, though-it's not just dry theory! I'll also introduce you to the typical people involved in a sale and walk you through the usual procedures. Then we'll dive into a topic many people regard as a potential gold mine: foreclosures. We'll straighten out some common misconceptions and see just what's involved in bidding on foreclosed property

Lesson 5 - Fixtures, Easements, Licenses, and Liens
When you sell property, what items can you take with you and what must remain? This issue involves the law of fixtures, and most buyers and sellers don't know anything about it. But you will! You'll learn how and why a seller can remove a refrigerator but not the antique doorknobs. We'll also look at the important issue of easements, which give a non-owner the right to use part of someone else's land. Both of these topics are absolutely essential for anyone considering buying or selling real estate

Lesson 6 - What You Need to Know About Contracts
In this lesson, we'll track the negotiations that go on when you buy and sell real estate. You'll learn what a contract actually does, and you'll explore two of the most common real estate contracts: the "listing agreement" and the "offer to purchase and contract of sale." Then we'll follow a sale from the posting of the For Sale sign to the offers, counteroffers, rejections, and finally to the acceptance

Lesson 7 - Landlord-Tenant Law
If you've ever been a tenant or plan to become a landlord, then you should pay particular attention to this lesson. Here we'll examine landlord-tenant law, exploring what rights and obligations each has to the other. You'll see when and how a landlord can evict a tenant and how tenants can protect themselves. And we'll walk step-by-step through the terms of a typical lease

Lesson 8 - The Ins and Outs of Deeds
Anyone who plans on owning real estate must know about deeds. A deed simply transfers ownership rights, but if you've ever tried to read one, you know just how confusing they can be. In this lesson, we'll decipher all the parts of the deed, clarifying what each clause means and how each part impacts your ownership rights. We'll also discuss ways to make sure the owner transfers all of his or her legal rights in the property to you.

Lesson 9 - Demystifying Mortgages
Mortgages can be just as confusing as deeds! So in this lesson, we'll demystify them by discussing what a mortgage is, what "prequalification" and "preapproval" are, and what lenders look for before entering into a mortgage with a borrower (especially credit issues). You'll also see what types of mortgages you can choose from and understand the good and bad points of each.

Lesson 10 - What Happens at the Closing?
Real estate closings often seem overwhelming. So many papers are flying around, and if you're the buyer, you're signing things without really knowing what they are. And then there's the whole issue of closing costs, which can add several thousand dollars to the sale. In this lesson, you'll meet the people involved in a typical closing, see what documents the closing professional needs, learn about the ones a buyer must sign, and what the costs are and where they come from. By the time you finish this lesson, you'll feel much more comfortable with this process!

Lesson 11 - Zoning and Restrictive Covenants
Who creates zoning rules and how? What can a zoning ordinance regulate? How are they enforced? If you need to get around one, can you? These are just some of the questions you'll find answers to in this lesson. We'll also take a look at an area of law most people don't know about-but it can have a huge impact on all types of property owners. That's restrictive covenants. Last, you'll learn what kind of action you can take if your neighbor becomes a big nuisance.

Lesson 12 - Real Estate Professions
In our final lesson, we'll survey the various types of professions tied to real estate. If you're interested in becoming a real estate agent, you'll learn about the process here. We'll also discuss the advantages and disadvantages of real estate investing to help you decide if this is something you'd like to do. And we'll finish up by profiling other careers, such as surveyors, real estate paralegals, appraisers, inspectors, and more

Contact Hours

24

CEUs

Yes

Industry Standard, State or National Certification

Certification

None

Website

None

Certification Learning Outcomes/Requirements

CE or CU Articulation

No

Prerequisites

There are no prerequisites to take this course.

Learning Supplies Needed

Hardware Requirements:
This course can be taken on either a PC, Mac, or Chromebook.

Software Requirements:
PC: Windows 8 or later.
Mac: macOS 10.6 or later.
Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
Adobe Acrobat Reader.
Software must be installed and fully operational before the course begins.

Other:
Email capabilities and access to a personal email account.

Instructional Material Requirements:
The instructional materials required for this course are included in enrollment and will be available online.

Clinical Site/Special Facilities

None

Requirements for Successful Completion

80% attendance
• Students must successfully pass 10 quizzes with a minimum grade of 70% by the second quiz attempt.
• If all quizzes are not passed with 70 or better by the second attempt, the final exam score must be 70% or higher on the first attempt for successful completion.
• The Final Exam must be taken by the Wake Tech course end date.

Accreditation/Special Approval Requirements

N/A

Intended Audience

If you're interested in learning the basics of real estate law, including investing, title searching, and mortgages this course is for you!

Specific Industry or Business Support Needs

N/A

Wake County Need for Industry Positions

N/A

Industry or Job Titles Related to Training Outcomes for Employment

Related Courses

Course Contact Information

Non-Credit Online Learning https://ceonline.waketech.edu
919-532-5847
[email protected]