Real Estate: Brokerage Law

Adjunct Professor L. Stanton Towne

Real estate brokers play a vital role in the operation of the commercial and residential real estate markets.  This course will cover: How the law distinguishes between real estate brokers and others who are involved in a real estate transaction, e.g. principals, consultants, attorneys, finders, title companies, informal advisors, friends, etc.; the intricacies of real estate broker licensure; ethics and obligations of the real estate broker to the client and outside parties; determining when a broker is entitled to be paid for his services, including an examination of such concepts as “employment or engagement”, “ready, willing and able”, and “procuring cause”; how the law distinguishes between and among real estate brokers, securities brokers (investment bankers), business brokers; and more.  This course will be taught in a lecture format but will require active discussion with and among the students as they examine the intricacies underlying course’s major themes.

Pre-requisite Course: Real Estate Transactions & Finance