Explain (a) the essential elements of a contract for sale of an interest in real property, (b) the meaning and importance of marketable title, and (c) the concept of implied warranty of habitability.
Describe the fundamental requirements of a valid deed and distinguish among warranty, special warranty, and quitclaim deeds.
Explain (a) the elements of a secured transaction, (b) the difference between a mortgage and a deed of trust, and (c) the difference between an assumption of a mortgage and buying subject to a mortgage.
Define and give an example of (a) adverse possession, (b) a variance, (c) a nonconforming use, and (d) eminent domain.
Describe the nature and types of restrictive covenants.
