9780324233001

Ohio Real Estate Law

by
  • ISBN13:

    9780324233001

  • ISBN10:

    0324233000

  • Edition: 8th
  • Format: Paperback
  • Copyright: 2004-08-17
  • Publisher: Oncourse Learning

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Summary

Undoubtedly, the most comprehensive and completely updated guide available anywhere. This new edition is packed with the latest information on legislative changes and discussion of the newest forms supported by an online integrated learning system with illustrated case scenarios, storyboards, and practical assignments throughout delivering a complete, blended-learning tool.

Table of Contents

Case Studies xiii
Visual Aids to Learning xv
Preface xvii
Acknowledgments xvii
To The Student xviii
Basic Law
2(30)
Sources of Law
3(2)
Constitutional Law
Administrative Law
Legislative Enactment
Judicial Resolution
Stare Decisis---in Action
5(9)
Civil Law Versus Criminal Law
Court Structure
14(1)
Trial Courts
Courts of Appeals
Supreme Courts
Arbitration and Mediation
Administrative Agencies
Civil Procedure
14(14)
Settlement
Pleadings
Service and Summons
Primary
Pleadings
Discovery
Motion Practice
Pretrial
Trial
Judgment and Appeal
Sample Lawsuit: Breach of Contract for Real Estate Broker's Commission
28(1)
Summary of Content
28(1)
Review Questions
29(2)
Answer Key
31(1)
Land as Property
32(22)
Real Property and Personal Property
33(1)
Land
33(1)
Appurtenances
34(1)
Airspace Rights
Subsurface Rights
35(1)
Water Rights
35(1)
Attachments
36(6)
Fixtures
Fixture Tests
Annexation/attachment
Fixtures and the Purchase Agreement
Fixtures Not Part of the Realty Sale
Tenants' Fixtures
Improvements
42(1)
Growing Things
Trespass and Nuisance
43(6)
Attractive Nuisance Doctrine
Practical Assignment
49(1)
Summary of Content
49(1)
Review Questions
50(2)
Answer Key
52(2)
Estates and Interests in Land
54(26)
Restrictions in Land Ownership
55(1)
Limitations Affecting All Estates and Interests in Land
56(2)
Public Controls
Private Controls
Freehold Estates
58(5)
Fee Simple Absolute
Qualified Fees
Life Estate
Legal Life Estate (Dower), Curtesy, and Community Property
Nonfreehold or Leasehold Estates
63(2)
Estate for Years
Estate from Year to Year
Tenancy at Will
Tenancy at Sufferance
Incorporeal Rights in Land
65(5)
Easements
Creation of Easements
Termination of Easements
Running with the Land
Licenses
Profits (Profits a Prendre)
Agricultural Easement
70(1)
Line Fence Law
Estates, Interests, and Rights Versus Encumbrances
71(4)
Practical Assignment
75(1)
Summary of Content
75(1)
Review Questions
76(2)
Answer Key
78(2)
Several and Joint Interest
80(28)
Variety in Ownership
81(1)
Severalty Ownership
81(1)
Trust Ownership
82(1)
Tenancy in Common
83(2)
Ohio's Statutory Survivorship Tenancy and Transfer on Death Deed
85(4)
Estate by the Entireties
89(1)
The Choice of a Form of Coownership
90(1)
The Cooperative
91(2)
The Condominium
93(10)
Characteristics of Condominiums
Principles of Condominium Law
Summary of Content
103(2)
Review Questions
105(2)
Answer Key
107(1)
Deeds
108(28)
The Deed and Transfer of Land Ownership
109(1)
The Deed and Title to Land
Title without a Deed
The Deed and Its Recording
110(2)
Essential Elements of the Recorded Deed
112(6)
Release of a Spouse's Rights by Deed
118(1)
Exception Clause and Reservations
119(1)
Rescission and Estoppel
120(1)
Deed Restrictions and Restrictions of Record
120(2)
Types of Deeds
122(8)
General Warranty Deed
Limited or Special Warranty Deed
Quitclaim Deed
Fiduciary Deed
Sheriff's and Auditor's Deeds
Practical Assignment
130(1)
Summary of Content
130(2)
Review Questions
132(3)
Answer Key
135(1)
Contracts
136(50)
Section I
138(1)
Theory of Contract Law
Types of Contracts
138(1)
Statute of Frauds
138(1)
E-Sign
139(1)
Electronic Signatures In Global and National Commerce Act
Exceptions to Statute of Frauds
140(1)
Elements of a Valid Contract
140(8)
The Agreement
Consideration
Earnest Money
148(1)
Not Consideration
Promissory Estoppel
148(1)
Parties and Promises in Real Estate Contracts
148(2)
Real Estate Listing Contract
Real Estate Purchase Contract
Real Estate Option Contract
Enforceability of Contracts
150(1)
Capacity to Contract
151(2)
Minors
Mental Infirmity
Chemical Dependency
Standing
153(1)
Parol Evidence Rule
153(1)
Construction of Contracts
154(1)
Conditions within Contracts
154(2)
Impossibility of Performance
156(1)
Assignment
157(1)
Novation Versus Accord and Satisfaction
157(1)
Breach of Contract
158(4)
Remedies and Relief
Damages
Mitigation and minimization of damages
Liquidated damages
Equitable conversion and specific performance
Rescission
Reformation
Fraud, Duress, Undue Influence, Mutual Mistake
162(1)
Contracts Arising from Advertisements
163(2)
Section I Summary of Content
165(4)
Section II
169(8)
Practical Materials
Listing Contract
Real Estate Purchase Contract
Promissory Note
Hypothetical Situations
177(5)
Review Questions
182(2)
Answer Key
184(2)
Finance, Foreclosure, and Liens
186(44)
Terminology
187(1)
Contract for Loan Commitment
187(11)
The Mortgage and the Promissory Note
198(2)
Conventional Versus Unconventional Financing
200(1)
The American Dream Down payment Act
200(1)
Foreclosure Legal Proceedings
201(2)
Foreclosure in the Past
Foreclosure Today
Step by Step in Foreclosure
203(1)
Mortgage Priority
204(1)
Home Equity Loans
205(1)
Predatory Lending
205(1)
Creative Financing
205(9)
Due-on-Sale Clause/Due-on-Transfer Clause
Purchase Money Mortgage
Land Installment Purchase Contract
Mortgage
Assumption and Novation
Taking Subject to the Mortgage
214(1)
Truth-in-Lending Law
214(1)
Other (Nonfinancing-Based) Liens
215(3)
Mechanic's Lien
Auditor's Lien
Federal Tax Lien
Judgment Lien
Lis Pendens Notice
Other Forced Sales of Real Property
218(6)
Bankruptcy
Partition
Practical Assignment, Financing
224(1)
Summary of Content
224(2)
Review Questions
226(2)
Answer Key
228(2)
Closing and Proof of Title
230(24)
Role of the Real Estate Salesperson During the Closing
231(1)
Closing Specialists and Types of Closings
232(5)
Formal Closing in General
Escrow Closing in General
Formal/Sit-Down (or Round-Table) Closing in Detail
Escrow Closing Compared to Formal Closing
Doctrine of Relation Back
Closing Statement
237(1)
Prorations
238(1)
Real Estate Settlement Procedures Act (RESPA)
239(1)
Proof of Title and the County Recorder
240(8)
Abstract of Title
Certificate of Title and Sellers' Affidavit of Title
Attorney's Opinion Letter
Title Guarantee and Owner's Fee
Policy of Title Insurance
Practical Assignment, Closing
248(1)
Summary of Content
248(2)
Review Questions
250(2)
Answer Key
252(2)
Agency and Liability
254(34)
Section I
255(4)
The Broker and the Public
Dual Agency
Split Agency
Single Agency
The Best Agency Choice
Fiduciary Obligation
259(3)
Procuring Cause
262(3)
CAN-SPAM Act
265(2)
Unauthorized Practice of Law
267(1)
Antitrust Laws
267(2)
Section II
269(2)
The Salesperson, the Broker's Agent
Advertising by Salespersons
271(1)
Independent Contractor Status
272(2)
Ohio Law
Federal Tax Law
Covenants not to Compete
274
Unlicensed Personal Assistants
273(1)
Realtor® Status
274(1)
Business Organizations for Brokerages
275(7)
Practical Assignment, Agency Disclosure Form
282(1)
Summary of Content
283(1)
Review Questions
284(4)
Liability: Fraud and Deceit
288(26)
Real Estate Brokers' and Agents' Disclosure Duty
289(1)
Liability for Nondisclosure
Theories of Recovery
290(3)
Statutory Disclosure Form
293(1)
Inspection Clauses Used in Purchase Agreement
294(1)
``As Is'' Purchases
294(5)
Remedies and Relief
299(1)
Ohio Case Law Precedent on Defect Disclosure Law
299(3)
Inhalation Hazards and Defect Disclosure
302(2)
Lead-Based Paint, Asbestos and Mold
Underground Storage Tanks (USTs)
304(1)
Stigmatized Property
305(1)
Murder, Suicide, Ghosts, Spirits, Haunted Houses
Duties to Business Guests
305(1)
Errors and Omissions Insurance
306(1)
City Inspections
306(1)
Ohio's Megan's Law
307(1)
Practical Assignment
308(1)
Summary of Content
309(1)
Review Questions
310(3)
Answer Key
313(1)
Ohio Real Estate License Laws
314(24)
Licensing Laws
315(1)
Definitions (Ohio Revised Code Sections 4735.01 and 4735.02)
315(1)
Exemptions
316(1)
Rental Location Agents (Ohio Revised Code Section 4735.021)
316(1)
Ohio Real Estate Commission (Ohio Revised Code Sections 4735.03 and 4735.04)
317(1)
Ohio Real Estate License Law 283
317(1)
Department of Commerce and Superintendent (Ohio Revised Code Section 4735.05)
317(1)
Ancillary Trustee
Investigations, Hearings, and Actions Brought Against Licensees (Ohio Revised Code Section 4735.051)
318(2)
Brokerage Business Names
Application for Broker's License
Nonresident Brokers and Reciprocity (Ohio Revised Code
Section 4735.08)
Salesperson's License (Ohio Revised Code Section 4735.09)
320(1)
Issuance of License
321(1)
Out-of-State Commercial Broker and Salesperson Licensees (Sec. 4735.022)
Regulatory Powers (Ohio Revised Code Section 4735.10)
322(1)
Real Estate Recovery Fund (Ohio Revised Code Section 4735.12)
323(1)
Usage of License (Ohio Revised Code Sections 4735.11 and 4735.13)
324(1)
Continuation of License (Ohio Revised Code Section 4735.14)
325(1)
Continuing Education Requirements (Ohio Revised Code Section 4735.141)
325(1)
Business Location, Advertising, and Registration (Ohio Revised Code Section 4735.16)
326(1)
Ohio Real Estate License Law
Nonresidents (Ohio Revised Code Section 4735.17)
326(1)
Suspension or Revocation of Licenses (Ohio Revised Code Section 4735.18)
327(3)
Penalties (Ohio Revised Code Section 4735.99)
Practices and Procedures
330(1)
Record Keeping (Ohio Revised Code Section 4735.19)
Ability to Maintain Suit (Ohio Revised Code Section 4735.21)
Foreign Real Estate (Ohio Revised Code Sections 4735.25--4735.30)
330(1)
Commission Payments to Affiliated Licensees (Sec. 4735.20)
331(2)
Ohio Division of Real Estate and Ohio Association of REALTORS®
332(1)
Practical Assignment
333(1)
Summary of Content
333(1)
Review Questions
334(2)
Answer Key
336(2)
Fair Housing
338(32)
Civil Rights Act of 1866 and Jones v. Mayer
339(1)
Fair Housing Act
340(1)
Relief and Remedies under Section 1982 and the Fair Housing Act
341(1)
Statutory Language of the Fair Housing Act
342(1)
Advertising
343(1)
Department of Housing and Urban Development (HUD)
343(1)
State Legislation and the Ohio Civil Rights Law
343(3)
Restrictive Deed Covenants
346(1)
Specific Offenses and Proving Them
346(4)
Blockbusting
Steering
Evidence
Testing
Lending Protection
350(2)
Justice Department
352(1)
Standing
353(1)
First Amendment Rights
353(1)
Fair Housing Poster
354(1)
Affirmative Action
355(6)
Hypothetical Situations
361(3)
Practical Assignment, Fair Housing
364(1)
Summary of Content
364(2)
Review Questions
366(2)
Answer Key
368(2)
Control and Regulation of Land
370(22)
Zoning
371(6)
Uses of Land
Cumulative versus Exclusive Zoning
Conforming and Nonconforming Uses
Variances
Spot Zoning and Rezoning
Conditional Zoning
Procedure in Zoning Cases
Incentive Zoning
Aesthetics
Planned Unit Developments (PUDs) and Zero Lot Lines
Eminent Domain
377(1)
Building and Health Departments
378(1)
Exclusionary Zoning
379(1)
The Interstate Land Sales Full Disclosure Act
380(1)
Americans with Disabilities Act
380(1)
Environmental Law
381(5)
Wetlands
Practical Assignment
386(1)
Summary of Content
386(2)
Review Questions
388(2)
Answer Key
390(2)
Landlord--Tenant Law
392(20)
Fundamentals of Leases
394(2)
Renewal of Leases
396(1)
Termination
397(1)
Part Performance
398(1)
Payment of Rent
398(1)
Condition of the Premises
399(1)
Tenants Possession of the Premises
400(1)
Drug Use
401
Retaliatory Eviction
41(360)
Depositing Rent in Court
401(2)
Defenses to Rent Deposit
Partial Release of Rent by Court
Security Deposits
403(1)
Personal Injury on the Premises
403(1)
Commercial Leases
404(2)
Practical Assignment, Landlord--Tenant
406(1)
Summary of Content
407(1)
Review Questions
408(3)
Answer Key
411(1)
Decedents' Estates
412(25)
Statute of Descent and Distribution
413(1)
Wills
414(6)
Requirements for Making Valid Wills
Devise
Exclusions
Revoking or Changing Wills
Guardian
Executor or Administrator
Probate Court
Will Contest
Power of Attorney (Attorney-in-Fact)
420(4)
Trusts
424(2)
Putting It All Together
426(5)
Practical Assignment
431(1)
Summary of Content
431(1)
Review Questions
432(3)
Answer Key
435(2)
Glossary 437(16)
Index 453

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