EMS 3521 Real Estate Law I

EMS 3521 Real Estate Law I

Course code: 
EMS 3521
Department: 
Law and Governance
Credits: 
7.5
Course coordinator: 
Thorunn Falkanger
Product category: 
Bachelor
Portfolio: 
Bachelor of Real Estate - Programme Courses
Semester: 
2019 Autumn
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The students will acquire knowledge about the legal regulation of the real estate business.

Learning outcomes - Knowledge

The aim of the course Real Estate Law I is to give students an understanding of the legal rules that determine the regulatory framework for real estate agents. They will gain knowledge about contract law and the rules of law regulating the legal relations between the seller and buyer of real estate when the contract is entered into through a real estate agent.

The students shall have an adequate understanding of the topics that are covered by the discipline. The terms knowledge, in-depth insight and understanding indicate which specialist level is required. The most extensive knowledge is required when the term understanding is used.

 

Learning outcomes - Skills

The aim of the course Real Estate Law I is that the students within the regulatory framework for practicing the real estate profession shall be able to handle tasks in a real estate agency associated with contract signing between the seller and buyer of real estate, property leases, as well as an understanding of statutory requirements for marketing of real estate agencies.

General Competence

In order to be able to practice their tasks in a manner that safeguards the interests involved in a property transaction, a real estate agent must have an appropriate ethical reflection and attitude as well as professional knowledge within the legal topics discussed in the course.

Course content

1. Real estate law
Legal rules on the practice of the real estate profession, including the new Estate Agency Act, regulation of real estate agencies, rules on marketing and ethical rules.

2. Law of property rights and obligations
Basic principles for contract signing and the sources of law situation in contract law. Legal issues associated with contract formation through a real estate agent, including proxies and bidding.
Relevant rules in the law on disposal of real property. The students will have a basic understanding of the rules on ownership change insurance and home buyer insurance

 

Teaching and learning activities

The course consists of 40 lecture hours covering the various topics in the syllabus. The lecture plan gives a detailed description of the topics covered. 

As part of the teaching programme the students could be divided into small discussion groups and will work on assignments associated with each topic. The assignments will be discussed and reviewed in class after the discussion group work. The lecture form of teaching requires that the students before each lecture have studied the syllabus and the rules of law for the topic in question. The students are required to bring the code of laws and other study aids to the lectures and become familiar with them while studying the various topics. Parts of the syllabus must be studied through self-tuition. 

Students will have the opportunity to submit a written work for correction and feedback.

Software tools
No specified computer-based tools are required.
Qualifications

Higher Education Entrance Qualification.

Required prerequisite knowledge

EMS 3416 Law and Real Estate or JUR 3430 Business Law or equivalent.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
EMS35211
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100Yes5 Hour(s)
  • Etiske regler for Norges eiendomsmeglerforbund (document)
  • Laws and regulations, including offprints of laws and law drafts
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • Etiske regler for Norges eiendomsmeglerforbund (document)
  • Laws and regulations, including offprints of laws and law drafts
Duration:5 Hour(s)
Comment:
Exam code:EMS35211
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Workload activityDurationType of durationComment student effort
Teaching34Hour(s)
Review of assignments in plenary6Hour(s)
Prepare for teaching45Hour(s)
Self study50Hour(s)
Group work / Assignments60Hour(s)
Examination5Hour(s)
Expected student effort:
Workload activity:Teaching
Duration:34 Hour(s)
Comment:
Workload activity:Review of assignments in plenary
Duration:6 Hour(s)
Comment:
Workload activity:Prepare for teaching
Duration:45 Hour(s)
Comment:
Workload activity:Self study
Duration:50 Hour(s)
Comment:
Workload activity:Group work / Assignments
Duration:60 Hour(s)
Comment:
Workload activity:Examination
Duration:5 Hour(s)
Comment:
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.