Real Estate Division

CPD 150 - Real Property Law Basics

Prerequisites: none

This four-lesson course introduces the fundamental concepts of Canadian real property law. Topics covered include an overview of the Canadian legal system and real estate industry, condominium law, tort of liability, and professional ethics.

Course Outline

Lesson 1: Introduction to Canada's Legal System and Real Estate Industry

  • Instructor's Comments
  • Introduction: Canada’s Legal System and Real Estate Industry
  • Historical Overview
  • Sources of Law
  • Classification of the Law
  • Structure of the Courts
  • A Civil Lawsuit
  • Finding and Reading the Law
  • Organization and Regulation of the Real Estate Industry
  • The Appraisal Profession
  • Summary
  • Review and Discussion Questions

Lesson 2: Estates and Interests in Land 

  • Instructor's Comments
  • Estates and Interests in Land
  • Introduction: Classification of the Law
  • The Concept of Ownership
  • Estates in Land
  • Interests in Land Less than Estates
  • Co-Ownership of Interests in Land
  • What Rights Does Land Ownership Include?
  • Licences
  • Summary
  • Review and Discussion Questions

Lesson 3: Condominium Law 

  • Instructor's Comments
  • Condominium Law
  • Introduction
  • Uses and Types of Strata Lots
  • Creation of a Strata Lot
  • The Strata Corporation
  • The Strata Council
  • Bylaws, Rules, and Regulations
  • The Strata Lot Owner
  • The Purchaser
  • Leasehold Strata Plans
  • Summary
  • Review and Discussion Questions
  • Appendix 3.1: Sample Excerpts from Strata Plans
  • Appendix 3.2: Contingency Reserve Fund (CRF)

Lesson 4: The Tort of Negligence and Professional Ethics

  • Instructor's Comments 
  • Land Ownership and Tort Liability
  • Introduction
  • Negligence
  • Liability of an Occupier
  • Legal and Ethical Standards for Real Estate Professionals
  • Provincial Legislation and Real Estate Licensees
  • Additional Responsibilities of a Broker
  • Provincial Legislation and Real Estate Appraisers
  • Penalties For Breach of Provincial Legislation
  • The Competition Act
  • Professional Ethics and Voluntary Standards
  • Summary
  • Review and Discussion Questions

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