Real Estate Transactions

A basic course covering the elements of the modern real estate transactions. Topical areas covered will relate to: mortgages, deeds of trust, real estate contracts, title insurance policies, liens, in so far as they relate to real estate closings; and bankruptcy issues, particularly relating to Chapters 11 and 13. Students will also be directed to consider certain state tax aspects of real estate closing, but federal income tax implications are beyond the scope of this course. The course will also touch upon securities problems which may arise in the context of a real estate transaction, as well as such incidental personal property problems as relate to the Bulk Sales Act and Article 9 of the Uniform Commercial Code. Various federal and state land use laws and regulations will also be mentioned in relation to the closing of any real estate transaction.

The course will focus on statutes in force in Washington State. Students who plan to practice in another jurisdiction are encouraged to review the comparable statutes from that jurisdiction.