Course
Discontinued
No
Course Code
OADM 1328
Descriptive
Legal Office Procedures-Conveyancing
Department
Office Administration
Faculty
Commerce & Business Administration
Credits
3.00
Start Date
End Term
201420
PLAR
Yes
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
30
Contact Hours
Lecture: 2 Hours per Week
Seminar: 2 Hours per Week
Total: 4 Hours per Week
Method(s) Of Instruction
Lecture
Seminar
Learning Activities
A combination of lectures, guided practices, assignments and case studies will be used. Active learning is an integral part of this course, and emphasis will be placed on a “hands-on” environment to allow students to work both independently and collaboratively to learn and apply procedures and tasks carried on in a legal office. Both learning activities and evaluations will be structured to stress problem solving, accuracy, and working within time constraints.
Course Description
This course introduces the student to the role and responsibilities of a Legal Administrative Assistant employed in the field of conveyancing in British Columbia. Students will gain knowledge and practical experience in topics such as systems of land registration, land title searches, offers to purchase, methods to convey interests in land, registering and discharging mortgages and other interests in land, statements of adjustments, and the execution and registration of documents filed in Land Title Offices.
Course Content
- Employment as a conveyancer
- Understanding land and sale of land
- The tangible and intangible elements of land
- Determining ownership of land
- Land registration systems and land tenure
- Reading a title search and determining charges and encumbrances on title
- Analyzing a land purchase transaction
- Sales Completion Model
- Entering a Contract of Purchase and Sale
- Four stages of the sales completion model for purchaser and vendor:
- Information Gathering
- Completion Preparations
- Statement of Adjustments
- Completion Procedures
- Information Gathering
- Municipal and other third party information
- Interpreting a Contract of Purchase and Sale
- Preparing documents required for completion
- Land Title Electronic Forms
- Form A – Freehold Transfer
- Property Transfer Tax Form
- Legal Account
- Statement of Adjustments and Trust Reconciliation for a cash only purchase
- Definition and purpose of adjustments
- Purchaser adjustments
- Vendor adjustments
- Calculating property taxes, utilities and the Home Owner’s Grant
- Preparing Purchaser and Vendor Statement of Adjustments
- Definition and purpose of Trust Reconciliation
- Preparing Trust Reconciliation
- Procedures on Completion date
- Pre-registration procedures
- Execution of Vendor’s documents and undertakings involved
- Execution of Purchaser’s documents and undertakings involved
- Pre-registration requirements and preparation
- Registration procedures
- Post-registration procedures
- Law Society Rule 3-89
- Pre-registration procedures
- Concepts for a financed purchase of new strata property
- strata property
- Strata corporation
- Unit entitlement
- Maintenance fees
- Net proceeds of mortgage loan
- GST and GST Rebates
- Builder’s Liens
- strata property
- Procedures for a financed purchase of new strata property
- Information gathering
- Mortgagee particulars
- Strata information
- Completion preparations
- Preparing LTO electronic Declaration
- Confirming net mortgage funds
- Additional information for Property Transfer Form
- GST Rebate calculations
- Statement of Adjustments and Trust Reconciliation
- GST and rebate adjustment
- Strata maintenance fee adjustments
- Builder’s lien and holdbacks
- Mortgage adjustments
- New Trust Reconciliation items
- Completion procedures
- Undertakings for mortgagee
- Sequence for registering LTO documents
- Information gathering
- Concepts and procedures for vendor in sale of property
- Receiving documents from purchaser
- Authority to Pay
- Discharging existing encumbrances on title
- Preparing Land Title Office electronic Form C – Release
- Mortgages
- Mortgagee expectations
- Acting for the mortgagee
- Mortgage Terms
- Mortgage Definitions
- Preparing Land Title Office electronic Form B – Mortgage
- Authority to Pay for mortgages
- Procedures for registering a mortgage
- Acting for two parties
- Conflict of interest
- Procedures for a financed purchase when acting for the purchaser and mortgagee
- Situational Adjustments
- Adjustment for property tax when amount is unknown
- Adjustment for property tax when lawyer or notary will pay the amount on completion
- Adjustment for assumption of mortgage
- Adjustment for mortgage back to vendor
Learning Outcomes
The learner has reliably demonstrated the ability to:
- Describe duties, employment conditions and employment forecasts in conveyancing.
- Identify what tangible and intangible elements are included in the concept of “land”.
- Identify what interests must be protected when acting for the purchaser client.
- Analyze transactions based on the transfers; encumbrances requiring discharges; encumbrances not requiring discharges; and new encumbrances involved.
- Use the concepts and theories of conveyancing to analyze and solve problems independently and collaboratively.
- Interpret a Contract of Purchase and Sale.
- Describe the stages of a sales completion model.
- Translate an understanding of the information required in a transaction by creating correspondence and documentation relating to the gathering of information by the purchaser.
- Translate an understanding of transferring title by creating electronic Land Title Office documents relating to registration.
- Calculate the amounts involved to create Statements of Adjustments, Trust Reconciliation, and Statements of Account for a cash conveyance.
- Translate an understanding of the process required in completing a transaction on the completion date by creating correspondence and documentation relating to the exchange and execution of documents and funds, and the registration of executed documents.
- Observe professional standards in the maintenance and use of checklists.
- Define strata property.
- Recognize the GST and GST rebate requirements for the conveyance of new or substantially renovated property.
- Describe the situations where builder’s liens may arise and the procedures required obtaining 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 inclusive of all procedures from file opening to file closing.
- 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 from file opening to file closing.
- Translate an understanding of mortgages involving a mortgagee lending a mortgage loan by creating correspondence and documents relating to the registering of a mortgage inclusive of all procedures from file opening to file closing.
- Describe issues, rules and procedures involved when acting for both a purchaser and a mortgagee in the same transaction.
- Translate an understanding of transactions involving acting for both a purchaser financing a purchase and a mortgagee giving the loan by creating correspondence and documents relating to a financed purchase inclusive of all procedures from file opening to file closing.
- Keyboard with speed and accuracy from five-minute timed writings.
Means of Assessment
| Assignments | 5% - 10% |
| Simulations | 35% - 40% |
| Midterm and/or Test(s) | 25% - 30% |
| Final Exam | 20% - 25% |
| Keyboarding Speed (average of best three 5-minute timings) | 5% |
| Total | 100% |
Textbook Materials
Textbooks and Materials to be Purchased by Students
Introduction to Residential Conveyancing. DFC Publications. (Current Edition) or other conveyancing textbook as determined by the instructor.
An instructor approved keyboarding timed writing textbook (used in OADM 1303).
Course packs as determined by the instructor.
Which Prerequisite