Contemporary real estate practice involves a mix of complex legal issues and practical business considerations. The second year building block course for estate planning is Trusts and Estates. The building block course for real estate is Real Estate Transactions. The subject matter of each of these courses is tested on the Multi-State Bar Examination. Two sections of both courses are generally offered each year.
Real estate is a cyclical industry characterized by recurring periods of boom and bust.
Because borrowers, buyers, and tenants often find themselves in financial distress, an understanding of Bankruptcy Law is highly recommended. A typical course sequence for a day division student might be Real Estate Transactions in the fall and Land Use Control in the spring of the second year. The prerequisites for Fiduciary Estate Planning are Basic Income Tax, Trusts and Estates, and Estate and Gift Tax. Estates is usually offered in the fall and the spring in the day division, and every other spring in the evening division. Trusts and Estates, is usually offered in the fall in the day division, and every other fall in the evening division.