LXR315 - Real Estate II

Prerequisite(s)
All Module Two Courses

It is your responsibility to ensure that program requirements and course prerequisites as outlined are met. Prerequisites are included for your academic protection. Course content and your instructor's teaching assumes that students are academically prepared and instruction will proceed accordingly. Students lacking prerequisites not only jeopardize their own ability to succeed but present unnecessary interruption. If you lack appropriate prerequisites (or advanced standing for the prerequisite course) you may be asked to withdraw or transfer to a more appropriate course with the risk of academic/financial penalty.

Topic Outline
1. Overview of the standard real estate transaction. 

2. The law of agency and the role of the real estate agent. 

3. The role of the law clerk in a real estate purchase or sale. 

4. Opening and organizing a real estate file. 

5. Receiving and reviewing the agreement of purchase and sale. 

6. Preliminary steps. 

7. Reviewing the title search and requisitions on title. 

8. Document preparation and review. 

9. Preparation for closing. 

10. Closing the transaction. 

11. Post-closing procedure. 

12. Power of sale proceedings and other mortgage remedies.

13. Residential landlord and tenant remedies.

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, J., Emmans, J. and Blatt, A., Residential Real Estate Transactions. Toronto:  Emond Montgomery, 2019. ISBN# 9781772555622

Supplementary materials will be made available in the classroom.

Note:  Photocopied texts are not permitted.

Reference Material
Winterstein, M. Louise. Procedures for the Canadian Legal Office, Latest Edition. Nelson Education Ltd.

Required Supplies
Notebook or three-ring binder, 2 legal-size file folders (different colours), paper, pens, USB for using Teraview, highlighter and above materials

Student Progression and Promotion Policy

http://www.senecapolytechnic.ca/about/policies/student-progression-and-promotion-policy.html

Grading Policyhttp://www.senecapolytechnic.ca/about/policies/grading-policy.html

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.senecapolytechnic.ca/about/policies/academics-and-student-services.html) or at Seneca's Registrar's Offices. (https://www.senecapolytechnic.ca/registrar.html).

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

Assignment 1	15%
Assignment 2	15%
Term Test	30%
Final Exam	40%

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


Please Note

• Assignments, tests and the final examination 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 tests, assignments and exams. (i.e. spelling, grammar, word usage, sentence, and paragraph structure, etc.) 

Assignments

• The student must retain a copy of all assignments.
• If assignments are handed in late without sufficient medical or other reason, which must be documented and approved, two marks per day will be deducted for each day the assignment is late up to a maximum of 10 marks in total. 
• Assignments will not be accepted after the return of graded assignments to the class and/or the provision to the class of the answers to the assignment.
• Written assignments must be word processed. At the professor’s discretion, assignments that are not word processed, may be subject to mark deduction or not accepted. 
• For particulars, please obtain standards, dates, etc. from your instructor.

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.

Field Placement Requirements

Students who do not successfully complete all professional courses may not be eligible for placement. 

Academic Honesty

Students at Seneca College are expected to be honest and forthright in their academic endeavours. When students cheat on an examination, steal the words or ideas of another, or falsify their research results, it corrupts the learning process. A Seneca College degree, diploma or certificate signifies to society mastery of a set of defined learning outcomes in a designated field of study. If academic credit is obtained dishonestly, the value of every graduate's diploma in the field of study is diminished, as is the reputation of the college as a whole.

Penalties for Academic Dishonesty

The penalty for a first offence is a grade of '0' on the assignment or examination. The penalty for the second offence is expulsion for a time period determined by the Academic Honesty Committee, normally for a minimum of three terms. For further information refer to the policies section of the Seneca College student handbook, or to the following website: http://library.senecapolytechnic.ca/Academic_Honesty/


Please Note: In the Law Clerk Diploma Program, in accordance with graduation requirements, students are required to complete Twenty (20) days of field placement.  Students must  achieve an average net keyboarding speed of at least 50 nwpm on three five-minute timed writings, with five errors or less. 

Grade Point Average (GPA)
Where appropriate the grade assigned may be converted to numeric form for calculation of the grade point average as follows:

A+      4
A        4
B+      3.5
B        3
C+      2.5
C          2
D+        1.5
D          1
F           0
DNA      0
Other grades are not included in GPA calculation.


Maximum "D" Grades
No student will be eligible to graduate with a Seneca College certificate or diploma if, in more than 30% of the subjects required for graduation, the student has received a grade in the D range.