Principles and Practices of Real Estate

• Real Property

• • Definition

b. Bundle of Rights

• • Types of estates in real property
• • Real Property – a definition
• • Fixtures
• • Trade Fixtures

• Land Titles and Estates

• • Indian Land Titles and Records Office
• • County Recorder
• • Ownership of Real Property
• • Encumbrances
• • Abstracts of Title, Title Status Report, Title Insurance

• Contracts

• • Contracts in general
• • Elements of a contract
• • Statute of Frauds
• • Performance and Discharge of contracts
• • Statute of Limitations
• • Remedies for Breach of Contract
• • Liquidated Damages

• Transfer of Title

• • How real estate is acquired or conveyed
• • Escrow
• • General Escrow procedures
• • Termination of escrow

• Leases

• • Types of leasehold estates
• • Payment of rent
• • Creation of a lease
• • Responsibilities of a Landlord
• • Transfer of a lease
• • Termination of a lease

• Real Estate Finance

• • Promissory Note
• • Mortgages and Deeds of Trust
• • Transfer of Property by the borrower
• • Foreclosure
• • Financing of Leasehold

• Appraisals

• • Definition
• • Fair Market Value
• • BIA Appraisal Requests

• Real Estate Taxation

• • Ad Valorum Taxes
• • Taxation of Tribal Fee lands
• • Tax Credits on Indian Land
• • Possessory Interest Tax