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NCREC-Approved Electives

From Heaven to Hell: Air, Surface, & Subsurface Rights (001)


Description
In NC, it's assumed that when you own property, you have all the air, surface, and subsurface rights associated with your lot. But that's not always true. Real estate ownership can be split and sold, leased, assigned and purchased. Sometimes air and subsurface rights are more valuable than the land below or above them.

Fracking is also discussed in this course, and students get to watch some exciting film clips.

This course was recognized as NC Real Estate Education Program of the Year by the NC Real Estate Educators Association.

Course Number: 3902 Name of elective cou...: From Heaven to Hell: Air, Surface, and S...

Content
  • Section 1
  • 1.1 Introduction from Debbie
  • 1.2 Video: How to navigate this course
  • 1.3 Course description
  • 1.4 Course objectives and goals
  • 1.5 Rules of engagement
  • Section 2 SPLIT ESTATES
  • 2.1 Topics for this section
  • 2.2 Intro to course and the concept of split estates
  • 2.3 What did you learn so far?
  • Section 3 AIR RIGHTS
  • 3.1 Topics for this section
  • 3.2 Introduction to air rights
  • 3.3 A Typical Day In America's Airspace
  • 3.4 More details about air rights
  • 3.5 Air rights and Burlesque
  • 3.6 Leasing air rights
  • 3.7 What did you learn so far?
  • 3.8 Optional Reading Assignment: A Primer on Air Rights in Development
  • Section 4 SURFACE RIGHTS
  • 4.1 Topics for this section
  • 4.2 Surface rights: timber rights, licenses
  • 4.3 A broker discusses timber rights
  • 4.4 Some notes on timber rights
  • 4.5 Water rights
  • 4.6 Chinatown
  • 4.7 The Milagro Beanfield War
  • 4.8 Riparian rights in North Carolina
  • 4.9 Is there such a thing as a private beach?
  • 4.10 Water wars
  • 4.11 The struggle for water resources
  • 4.12 What did you learn so far?
  • Section 5 SURBSURFACE RIGHTS
  • 5.1 Topics for this section
  • 5.2 Subsurface rights
  • 5.3 I learned about mineral rights from TV
  • 5.4 D.R. Horton opens a Pandora's Box
  • 5.5 The N&0 writes some stories about D.R. Horton
  • 5.6 NC and the formation of the Triassic Basin
  • 5.7 Pangeia and plate tectonics
  • 5.8 Shale gas and intro to fracking
  • 5.9 An explanation of hydraulic fracturing by Marathon Oil
  • 5.10 Fracking and environmental issues
  • 5.11 The trailer from "Gasland"
  • 5.12 A little bit of fun: "The Simpsons" looks at fracking
  • 5.13 Earthquake; community pooling
  • 5.14 Community (or forced) pooling
  • 5.15 Title insurance and mineral rights
  • 5.16 What did you learn so far?
  • Section 6 The Mineral, Oil, and Gas DISCLOSURE
  • 6.1 Topics for this section
  • 6.2 What happened to fracking in North Carolina?
  • 6.3 The Mineral, Oil, and Gas Disclosure form
  • 6.4 What did you learn so far?
  • Section 7 SUMMARY
  • 7.1 Summary
  • 7.2 End-of-course survey
  • 7.3 Just hit the complete button...
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever
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