LAW 903 - Real Estate Sales Trans

Unit(s): 3

This course will prepare students to represent clients in commercial real estate transactions and business transactions more generally. We will investigate the fundamentals of real estate finance and taxation, and the legal implications of each of the key phases of every real estate transaction-letter of intent negotiation, purchase and sale agreement negotiation, due diligence review, loan negotiation, and closing escrow requirements to name a few-in the order they occur. We will pay particular attention to today’s credit markets and the loan products they offer, as well as to California’s deed of trust practice and unique creditor’s rights laws. Through this process we will explore fundamental business law concepts like the relationship between indemnity and insurance. The course is practice oriented, and students will learn how to advocate for clients in the context of a business transaction by learning to prepare transaction documents that best protect their client’s interest. There is no final exam but instead three performance oriented exams during the course of the class. Materials will include text book and California specific materials. Prerequisite(s): Property

Prerequisite: concurrent LAW 608 with a minimum grade of D
Restriction: Class restrictions exclude Law 1st Yr. Full time, Law 1st Yr. Part Time and Law 1st Yr. Part Time Day; College restricted to School of Law
School of Law