Unit 2 Seminar The Role of Ethics in Real Practice.

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Presentation transcript:

Unit 2 Seminar The Role of Ethics in Real Practice

Seminar Topic The topic of this week's Seminar is the role of ethics in a real estate practice.

Background Discussion Some of the most complex property law issues concern determining ownership rights to real property when more than one owner is involved. Ethical issues permeate this area of the law as well.

Concurrent Ownership What does this mean? This is when real or personal property is owned simultaneously owned by two or more persons, each holding the right to concurrent possession. Types of concurrent ownerships Joint Tenancy Tenancy in Common Tenancy by the entirety Great website: s/html/prop/prop11.htm s/html/prop/prop11.htm

Condominiums, Cooperatives, and Time Shares What is a condominium? What is a cooperative What is a time share?

Ethical Issues that paralegals must avoid in Real Estates What are some of the ethical issues? How to avoid ethical issues?

Questions & Answers