This course will start with an introduction to real estate law; the Ontario land registration systems and specific interests in land. Topics include estates and interests in land, government controls on the use and disposal of land, registered owner’s status, and relevant statutes, title searching in the Land Titles and Registry systems, mortgages and liens, residential tenancies and condominiums. In the second part of this course the class will cover the steps of a standard residential real estate transaction. Starting with a review of a standard agreement of purchase and sale, the class will work through all the tasks necessary to execute successfully on that agreement and satisfactorily represent the client on either a purchase or a sale. The class will also examine the unique aspects of condominium, rural and new home purchases.
Introduction to the Legal System and Civil Litigation or equivalent knowledge and experience.
Students enrolled in this course receive text and/or other related resource materials. There is a final exam to evaluate student progress for this course. Participants who receive 70% or higher overall will receive a certificate.
Module 1: Overview of the Real Estate Transaction
Module 2: Interests in Land and Land Registration
Module 3: Charges and Liens
Module 4: Government Controls and Legal Status
Module 5: Condominium and Residential Properties
Module 6: Title Searching
Module 7: A Real Estate File
Module 8: Reviewing the Agreement
Module 9: Title Insurance and Preliminary Matters
Module 10: Search Results and Requisitions
Module 11: Document and Closing Preparations
Module 12: Closing Procedures
Module 13: Purchasing a Property