REAL 604 - Real Estate Law and Taxation

Prerequisite, admittance to the M.S. in Real Estate program. This course provides students with the essential legal and tax issues involved in real estate acquisition, disposal, investment, and development. In terms of real estate law, topics include the nature and scope of real property, the legal aspects of real estate transactions including documentation, land use regulation, and ethical issues in real estate. Additional issues covered include elements of property homesteads, adjoining owner issues, non-possessory interests, estates in land, and landowner liability. The course also covers tax and accounting concepts and principles, rules, regulations and reporting requirements that are critical to understanding, managing, operating, documenting, and investing in real estate. Letter grade. (Offered as needed.) 3 credits