vcc.ca
LGAP 1204: Conveyancing Procedures 2
Effective date
September 2013
Department
Legal Administrative Assistant
School
Hospitality, Food Studies and Applied Business
Description
This course is a continuation from the material covered in Conveyancing Procedures 1. Students gain knowledge and practical experience in topics such as methods to convey interests in land involving purchaser financing, strata property considerations, builder's liens, acting for the vendor, acting for mortgage lenders, additional adjustments for statements of adjustments, authorities to pay, the execution and registration of electronic documents filed in Land Title Offices, acting for both the purchaser and mortgagee, and documents for the transfer of manufactured homes.
This course is part of the Legal Administrative Assistant (Online)Program.
Credits
2.0
Year of study
1st Year Post-secondary
Prerequisites
None
Corequisites
None
Course Learning Outcomes
Upon successful completion of this course, students will be able to:
- Define strata property
- Recognize GST and GST rebate requirements for new or substantially renovated property
- Describe situations where builders' liens may arise and the procedures for their discharge
- Calculate additional adjustments or amounts required to create statements of adjustments, trust reconciliation, and statements of account for a financed conveyance
- Translate an understanding of transactions involving a purchaser financing a purchase by creating correspondence and documents relating to a financed purchase
- Calculate authority to pay for vendors and mortgagors
- Translate an understanding of transactions involving a vendor selling property by creating correspondence and documents relating to a sale inclusive of all procedures
- Translate an understanding of mortgages involving a mortgagee lending a mortgage loan by creating correspondence and documents relating to the registering of a mortgage
- Describe issues, rules, and procedures involved when acting for both a purchaser and a mortgagee
- Translate an understanding of transactions involved in acting for both a purchaser financing a purchase and a mortgagee giving the loan by creating correspondence and documents relating to a financed purchase
- Translate an understanding of manufactured homes transactions by creating correspondence and documents relating to a purchase
- Observe professional standards in the maintenance and use of checklists
Prior Learning Assessment & Recognition (PLAR)
None
Hours
Practicum, Self-Paced, Individual Learning: 60
Total Hours: 60
Total Hours: 60
Instructional Strategies
Assigned readings and reinforcement activities assigned by your instructor are your principal learning activities. It is expected that you will communicate online regularly with your instructor and classmates using the course email, discussion, and chat utilities.
Grading System
Letter Grade (A-F)
Passing grade
Evaluation Plan
|
Type |
Percentage |
Assessment activity |
|
Participation |
5 |
Participation |
|
Assignments |
5 |
Assignments |
|
Other |
15 |
Simulations - Financed Conveyance/Acting for Purchaser 10%, Acting for Vendor 5% |
|
Other |
30 |
Simulations - Mortgage/Acting for Mortgagee 10%, Acting for Purchaser and Mortgagee 20% |
|
Quizzes/Tests |
15 |
Quizzes/Tests |
|
Final Exam |
30 |
Final Exam |
Course topics
- Concepts for a financed purchase of new strata property
- Procedures for a financed purchase of new strata property
- Concepts and procedures for vendor in sale of property
- Mortgages
- Acting for two parties
- Situational adjustments
- Manufactured homes
Notes:
- Course contents and descriptions, offerings and schedules are subject to change without notice.
- Students are required to follow all College policies including ones that govern their educational experience at VCC. Policies are available on the VCC website at:
https://www.vcc.ca/about/governance--policies/policies/. - To find out if there are existing transfer agreements for this course, visit the BC Transfer Guide at https://www.bctransferguide.ca.