ILC101 - Real Estate

Outline info
Semester
School
Last revision date 2017-05-29 00:31:21.23
Last review date 2017-07-17 00:15:31.482


Subject Title
Real Estate

Subject Description
This course provides the student with a broad foundation of legal concepts and applications relevant to the legal practice area of residential real estate. All aspects of the basic residential real estate transaction are covered including land division in Ontario, the many faceted land registration system, surveys, title insurance, ownership, the agreement of purchase and sale, the numerous applicable statutes, purchasing, selling, financing, closing the transaction, etc. A good command of the written English language is a definite asset.

Credit Status
This is a credit course applicable towards the Institute of Law Clerks Certificate Program, which prepares you to write the Institute of Law Clerks provincial Real Estate examination. Upon successful completion of the ILCO examination, the Institute forwards a certificate along with the Real Estate seal. There are places for four seals to be affixed to the certificate, representing each of the four examinations. This certificate indicates that you have successfully completed the educational requirements of the Institute of Law Clerks Associate level program.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

1. Apply knowledge of real property law through legal research techniques, legal reasoning and critical and analytical thinking;

2. Use descriptions, plans, surveys, the Planning Act and relevant statutes appropriately;

3. Execute title and additional searches;

4. Construct letters of requisitions, agreements of purchase and sale and mortgage transaction documents under the supervision of a lawyer;

5. Determine any relevant Crown patents, road allowances, water rights, liens, encumbrances, easements, restrictive covenants and required financing in a real estate transaction;

6. Explain the status of the owner and the role of the title searcher;

7. Process sales transactions, agreements of purchase and sales and condominiums' and co-operatives' land residential leases;

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.

Prerequisite(s)
One year qualifying employment in a legal environment working under the direct supervision of a lawyer

Topic Outline

  • Planning Act
  • Title and additional searches
  • Letters of requisitions, agreements of purchase and sale and mortgage transactions documents
  • Real property law
  • Crown patent, road allowances and water rights
  • Land conveyances
  • Plans and surveys
  • Easements and restrictive covenants
  • Condominiums' and cooperatives' land residential leases 

Mode of Instruction
Students learn through classroom lectures, discussion and group problem solving. Any matters covered in class and/or in the assigned readings will constitute part of the subject content and be eligible for inclusion on all assessments. It is ESSENTIAL that students read assigned material before class and make careful notes on the reading material as well as in-class lectures and discussion. It is extremely important for students to be prepared for class and to be actively involved in discussions as this greatly aids the learning process.  


It is your responsibility to save documents, articles and notes that the instructor has provided on Blackboard or in class. Students will not be able to access Blackboard as of the last day of the student's class.

Prescribed Texts
Kurtz, Emmans and Blatt, Residential Real Estate Transactions. Toronto: Emond Montgomery Publications, 4th ed. ISBN# 9781552396704

REQUIRED Online Course (treat as Workbook):

NOTE TO STUDENTS: This eLearning Course will be included in the Provincial Examination.

NOW FREE  *Teraview® eLearning Course   

*Note to Lecturers and Students:

Teraview eLearning Course, has been developed by Teranet and is available 24/7 through the Teraview website (http://www.teraview.ca/gstarted/teraview_training:html).  It is available free of charge.

The practical experience available to the student via this online course is essential to the student’s grasp and understanding of the material included in the ILCO real estate course. 

Reference Material
Recommended Reading:
Donahue, Quinn & Grandilli, Real Estate Practice in Ontario, (Softcover).  Toronto: LexisNexis, Latest Edition
Globe & Moore, Title Searching and Conveyancing in Ontario: A Procedural Guide, (Softcover).  Toronto: LexisNexis, Latest Edition

Other Reference Materials:
Document Registration Guide, Latest Edition, Book No. CCH B217
An Unofficial Publisher’s Consolidation Canada Law Book

Recommended Websites:
www.e-laws.gov.on.ca  Ontario statutes and regulations 
www.teraview.ca/ereg/ereg_rollout_schedule.html  Teraview rollout schedule 
www.teraview.ca/training/training.html  Teraview training site 
www.bar-ex.com Bar-eX site
www.stewart.ca Stewart Title – title insurers
www.titleplus.ca Title Plus – title insurers [associated
with LSUC] 
www.firstcanadiantitle.com First Canadian – title insurers

Required Supplies
Notebook or three-ring binder, paper, pens, highlighter and above texts

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
OR
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online (http://www.senecacollege.ca/academic-policy) or at Seneca's Registrar's Offices.


Modes of Evaluation
Grading is based on the following marking scheme:  

Midterm Test 50%
Final Exam 50%

Some aids may be allowed during testing and will be identified by the instructor.
 
Students must attain a combined grade of at least 50% on term work and the final exam to pass the course.


Please Note
  • Tests and the final exam are evaluated on subject knowledge as well as correct language usage, organization, and mastery of the subject. 
  • In recognition of the significance of proper language skills in the work of a Law Clerk, marks are deducted, in accordance with departmental policy, for language errors on all exams. (i.e. spelling, grammar, word usage, sentence, and paragraph structure, etc.) 

Absenteeism and Tests
  • Students should be aware that absenteeism will impact on their ability to achieve satisfactory grades.
  • If you miss a test, you must provide the reason in writing to the instructor prior to the next scheduled class. If your reason is accepted, you will be permitted to write a make-up test. Otherwise, you will be given a zero for the test. You must submit an original doctor’s certificate identifying the date, length of time of expected absence and the specific reason for your absence, or other appropriate documentation.

Approved by: Sandra Noble