EMS 3642 Real Estate Law III

EMS 3642 Real Estate Law III

Course code: 
EMS 3642
Department: 
Law and Governance
Credits: 
15
Course coordinator: 
Thorunn Falkanger
Product category: 
Bachelor
Portfolio: 
Bachelor of Real Estate - Programme Courses
Semester: 
2018 Autumn
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
Associate course
Course codes for multi- or associated courses.
EMS 3643
EMS 3644
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, Part III is for students to learn about rules for different forms of ownership and thorough knowledge of the law of particular importance for the operation and sale of real estate.

Students should have sufficient knowledge of the topics covered by the field. The terms knowledge, a thorough knowledge and understanding indicates the academic level required. The most extensive knowledge is required where the term understanding is used.

  • Students will have an understanding of company law provisions of importance to the organization of real estate enterprises.
  • Students should be familiar with relevant regulations governing the working conditions in the real estate business.
  • Students will have an understanding of the rules on different types of monetary claims, the settlement of monetary claims, as well as the limitation of monetary claims.
  • Students will also have an understanding of how various creditors to secure their claims in real estate including through charges and bail. In addition, students have an understanding of the rules on registration of documents relating to real estate.
  • Students should be familiar with the rules on enforcement, debt negotiation and bankruptcy. It requires an understanding of the rules on the forced sale of residential properties.
    • Students should be familiar with the environmental and environmental rules that are relevant to the sale of real estate.
Learning outcomes - Skills

The course aim of Real Estate Law, Part III is for students to be familiar with the legal rules of different ownership capital, organization, access to the transfer of interest as well as organizational changes.

  • Students will have an understanding of company law provisions on the organization of real estate enterprises.
  • To be an employer or employee in the real estate business, the students should have knowledge of relevant rules on working conditions. Among other because real estate agents need to understand the settlement, the students have an understanding of selected claims legal questions, as well as different rules about safety and security in connection with real estate financing and collection of claims, including bankruptcy.
    • Based on the study other subjects, students will be able to design contracts that are used in connection with real estate.
Learning Outcome - Reflection

In order to perform their duties in a manner that safeguards the interests involved in a property transaction, a real estate agent for ethical reflection and attitude as well as solid professional knowledge of the legal subject areas covered in the course.

Course content

1. Organizational law
The legal rules for various forms of ownership concerning capital, organizational structure, the right of conveyance of interests, and organizational changes.

2. Labour legislation
Legal rules applicable between the parties in employment relationships.

3. Law of negotiable instruments
The content of monetary claims, simple claims, debt instruments, negotiable debt instruments, settlement of monetary claims, limitation, guarantees.

4. Security interest
Establishment of mortgage law, legal protection rules, etc.

5. Title registration law
Title registration legislation, including regulation of title registration.
Study of the practical implementation of title registration, coordinated with the program's study of the practical real estate business.

6. Legal enforcement
The legal rules on legal enforcement, debt negotiations and bankruptcy, including rules concerning the position of real estate during legal enforcement, debt negotiations and bankruptcy.

7. Nature and environmental law
Regulation on the protection of nature and environment.

Learning process and requirements to students

The course is carried out though two semesters: 

  • EMS 3643 Real Estate Law III, 1. semester - autumn 
  • EMS 3644 Real Estate Law III, 2. semester - spring 

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. JUR 3420 Business Law or JUR 3430 Marketing Law / JUR 3631 Marketing Law and Ethics.

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
EMS36421
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:EMS36421
Grading scale:ECTS
Resit:Examination every semester
Exam organisation: 
Ordinary examination
Total weight: 
100
Workload activityDurationType of durationComment student effort
Teaching69Hour(s)
Other in classroom16Hour(s)
Prepare for teaching90Hour(s)
Self study100Hour(s)
Group work / Assignments120Hour(s)
Examination5Hour(s)
Expected student effort:
Workload activity:Teaching
Duration:69 Hour(s)
Comment:
Workload activity:Other in classroom
Duration:16 Hour(s)
Comment:
Workload activity:Prepare for teaching
Duration:90 Hour(s)
Comment:
Workload activity:Self study
Duration:100 Hour(s)
Comment:
Workload activity:Group work / Assignments
Duration:120 Hour(s)
Comment:
Workload activity:Examination
Duration:5 Hour(s)
Comment:
Sum workload: 
400

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 15 ECTS credit corresponds to a workload of at least 400 hours.