This course educates the residential real estate agent in the various types of estates in land, the interests of owners within the various forms of estates in land as well as how ownership can be held, the different types of ownership possibilities and the legal aspects of deed and title.
3 Hours Elective CE Credit
Objective 1: Knowledge
To identify and define:
- The different types of estates in land;
- The rights inherent in the different types of estates in land;
- The ways in which ownership to residential real estate can be held;
- The various forms of residential ownership;
- The various types of deeds, their uses and limitations.
Objective 2: Comprehension and Analysis
To aid the student in being able to explain and distinguish:
- The various forms and levels of interest held in the different types of estates in land;
- The rights and limitations of rights within the estates in land;
- How an owner may hold ownership;
- The different forms of ownership;
- The purpose and form of title;
- The purposes and uses of various deed forms.
Objective 3: Application and Evaluation
To prepare the student to be able to interpret and evaluate with a client:
- The characteristics and benefits of the different interests held in estates in land;
- The legal rights within ownership;
- Limitations to ownership;
- How ownership can be held;
- The types of ownership within residential real estate;
- The advantages and disadvantages of the various types of residential ownership;
- How title can be held and what benefits there are in the various forms;
- The variety of deeds and the rights and protections incorporated in them.
By completing/passing this course, you will attain the certificate Online_Ownership.Title_Trascript - 564.003034
By signing up for a course provided or offered by the Chicago Association of REALTORS® or any of its officers, employees, partners, agents, affiliates, or independent contractors (collectively, “Association”), you accept and agree to abide by the following terms, conditions, and disclaimers as well as the Chicago Association of REALTORS®’ Policy Manual and all other policies, terms, and conditions of the Association (collectively, “Policies”), which Policies may be amended from time to time:
1. You agree to act and dress in a professional manner at all times while participating in a course. This includes when participating in online courses. You agree not to disrupt any courses, the Association, its instructors, or other students. To avoid disruption, you agree to be on time to all courses unless you have notified the instructor in advance. The Association may remove you from the course at any time, if, in the sole discretion of the Association, you violate any of the Policies; are disruptive to the course, the Association, its instructors, or other students.
2. You may not record or photograph any course without the prior written permission of the Association.
3. You agree that when participating in an in-person course or on Association property that you will follow all health requirements and directives from the Association. You also agree not to come to an in-person class if you have or suspect that you may have a contagious illness.
4. You give permission to the Association to record and take photographs of you during your participation in all courses, to use the recordings and photographs for Association promotional materials, and to replay and share any videos or Zoom recordings of the courses.
5. The payment of any fees for a course is due prior to commencement of a course unless otherwise provided by the Association. The Association has the right to deny you entrance to a course in the event that you have not paid for the course in full prior to the commencement of the course. The eligibility for any refunds shall be governed by the terms of the Association’s Policy Manual. Registration for a course is not transferable.
6. You acknowledge and agree that the Association may share information about your participation and attendance at a course, as well as the results of any examinations conducted as part of a course, with your managing broker and any others as deemed reasonably necessary by the Association.
7. While the Association will try to avoid doing so, the Association reserves the right to cancel or reschedule a course as the Association deems necessary or prudent for any reason, including if an insufficient number of students enroll in a course. In the event that the Association cancels or reschedules a course, you may be entitled to a refund in accordance with the Association’s refund policies.
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9. The Association will endeavor to provide you an excellent, professional, and positive education experience. However, the Association provides the courses and course materials “as-is” and makes no warranties of any kind with regard to the courses, instructors and quality of instruction, or course materials, including any warranties of merchantability or fitness for a particular purpose, whether express, implied, statutory or otherwise. The Association does not guarantee, for example, that you will pass any exams for licensure by taking Association courses.
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11. The Polices and your agreement to abide by them shall be governed by the laws of the State of Illinois without regard to conflict of law principles, and in the event that you bring any claims against the Association, you shall submit to the exclusive jurisdiction of the Circuit Court of Cook County, Illinois.
12. If any term, condition, or provision of these terms and conditions or other Policies is held by a court of competent jurisdiction to be invalid, void, or unenforceable, you agree the remainder of these terms and conditions and other Policies shall remain in effect.
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