Covers the transfer of property interests, including establishing the distinction between MEUS and TUUS, occupancy, the source of property, and some legal consequences of the label "possession." Discusses conveyance and what you can convey regarding gifts of personal property and the policy of formality v. intent. Also reviews the common-law system of estates in land and future interest, and the policy against undue restraints on alienation. Introduces the relationship between lawyers and brokers and examines the purchase agreement or contract, including the two key elements in the transaction: financing and title assurance. Also focuses on land use.