Summary: | This course will cover basic real estate concepts: legal descriptions, real vs. personal property, estates in real property, types of deeds and types of ownership, governmental powers, agreements and contracts, financing, taxation and pro-ration of taxes, settlement statements, leases, liens, easements, and more.
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Learning Outcomes: | - Identify the differences between real and personal property.
- Describe the three types of legal descriptions: Metes and Bounds, Lot and Block, and Government Survey.
- Compute land areas in the English and Metric systems.
- Identify and describe the various types of estates in real property.
- Identify and describe the various types of deeds and the clauses within.
- Identify the four governmental powers: Escheat, Eminent Domain, Police Power, and Taxation.
- Identify the various types of real estate contracts.
- Compute real estate taxes and tax peroration.
- Identify what line items are needed on the settlement statement, describe their purpose, and perform computations.
- Describe brokerage laws of agency.
- For property inspections, identify environmental hazards and properties that qualify as decent, safe, and sanitary
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Teaching Method: | Instructor Lead
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Target Audience: | Intended for real estate technicians/specialists, property managers, or anyone working in right-of-way that does not have a background in real estate. This course would also be a good refresher for the seasoned right-of-way professional or a novice wanting to get into the right-of-way profession.
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Final Exam: | Yes |
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