Course Title: Land Contracts

Part A: Course Overview

Program: C6070

Course Title: Land Contracts

Portfolio: BUS

Nominal Hours: 51.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

MKTG5151

City Campus

TAFE

650T TAFE Business

Face-to-Face

Term1 2008,
Term1 2009,
Term1 2010,
Term1 2011

Course Contact: Paul Ryan

Course Contact Phone: +61 3 9925 5466

Course Contact Email: paul.ryan@rmit.edu.au


Course Description

This module covers duties of care owed by the conveyancer, appropriate contracts for the sale of different land interests, investigating the vendor’s title, Land Registry Office, State Revenue Office and council procedures, dealing with specific parties to contracts for the sale of land, subdivisions and body corporate problems and sale of small businesses.


Pre-requisite Courses and Assumed Knowledge and Capabilities

LAW5040 Legal Process [VBM898]
LAW5042 Property Law [VBM896]
MKTG5150 The Conveyancing Process [VBM900]



National Competency Codes and Titles

National Element Code & Title:

VBM903 Land Contracts


Learning Outcomes

1. Analyse the duties of a conveyancer and real estate agent under the law of contract and the law of tort.
2. Identify and assess the various types of property subdivision and determine the typical clauses incorporated in certain contracts of the sale of land.
3. Distinguish between General Law and Torrens titles and the conveyancing procedures that are common to both systems. Analyse the procedure to be adopted in the investigation of the title held by the vendor in the sale of land.
4. Analyse government office procedures relevant to the conveyancing process.
5. Analyse and assess special actions to be taken when a party to a contract is other than the registered owner. Distinguish between the powers, obligations and responsibilities of the different parties to the contract.
6. Analyse and assess conveyancing procedures and identify the terms relevant to a sale and purchase of a small business, and specify the special duties imposed on a conveyancer in this area.


Overview of Assessment

Assessment will consist of written tests, in class exercises and an assignment.