Professors Andrew Berman, Gerald Korngold, Marshall Tracht
Surveys basic business transactions involving real estate and provides an understanding of the legal framework and practical considerations affecting real estate and finance transactions. The course covers (1) acquisitions and dispositions (purchase and sale agreements, deeds, title insurance, closing adjustments, transfer taxes, and other legal and business matters relating to the real estate closing); (2) real estate finance (secured lending, mortgage law, installment land contracts, foreclosures, lien priorities, and practical issues when representing a lender or borrower); (3) commercial leasing and ground leases; and (4) real estate development. This course provides a foundation for other advanced real estate courses.
Prerequisite: Property (REQ500).