notes on

Sources of American Law (Common, Statutory, Administrative etc) understand what they are and the differences between them.

Understand terms like precedent and stare decisis.

Sources of property law.

Property Types ----Tangible/Intangible ------Real, Personal, Fixtures etc

Property Rights and bundle of sticks theory

Concurrent/non-concurrent Estates (use your handout and class notes)

Possessory/non-possessory Interests (fee simple, life estate, lease, easement, profit, covenants, etc) Eminent Domain

Adverse Possession and Easement by prescription

Ch 2. Real Estate Brokers:

Agency, Dual Agency

Broker definition

Types of brokers' agreements (open listing, exclusive agency, exclusive right to sell.....)

Brokers Duties and examples

Brokers Right to a Commission (Majority and minority rules), causes of action for commission under Illinois rules