Real Estate Contracts | Michigan

$35.00

4 Legal Updates Credit Hours | Online HD Video Class | No Tests | Instructor: Timothy Sinclair
Your Michigan sale isn't closed until the contracts are in.  This course will explore contracts and forms with emphasis on the required elements of a binding contract, agency relationships, disclosure requirements, addenda/contingencies, and closings.
VIDEO COURSE DETAILS

Description

 


 

Course Description

This class will explore contracts and forms related to real estate transactions. Special emphasis is placed on the required elements of a binding contract, agency relationships, disclosure requirements, addenda/contingencies, and closings. All the elements of a real estate transaction must be accurate, and properly executed for the contract to be binding. It is important for real estate professionals to have a working understanding of the contractual transaction in order to best serve their clients.

After completing this course participants will be able to:

  • Have a better understanding of basics of contract law and the elements of a contract
  • Be better equipped to serve buyers and sellers through an understanding of agency law
  • Examine purchase agreements, addendums, and aspects of financing
  • Have a working knowledge of necessary requirements to better serve your clients

 

Real Estate Contracts 

Lesson 1 Elements of a Binding Contract (29 minutes)

Types of Contracts
Essential Elements

Lesson 2 Elements of a Binding Contract cont. (17 minutes)

Plain Language
Performance and Discharge
Remedies

Lesson 3 Representation Contracts Agreements (26 minutes)

Agency Relationships
Fiduciary Duties

Lesson 4 Representation Contracts Agreements cont. (21 minutes)

Listing Contracts
Required Items and Other Provisions

Lesson 5 Disclosure Issues (20 minutes)

Seller’s Property Disclosure
Material Facts
Exemptions
Alternatives

Lesson 6 Purchase Agreements (23 minutes)

Required Elements of a Purchase Agreement

Lesson 7 Counter Offers and Addenda (20 minutes)

Financing Addenda
Conventional Mortgage
FHA Mortgage
DVA Mortgage
Land Contracts

Lesson 8 Closing Costs (20 minutes)

Seller Contributions
Common Interest Community
Contingency Addenda
Cancellation

Lesson 9 Roundtable Discussions (30 minutes)

Supplemental Cases

 

Course instructors will be available by email or telephone between 9am and 5pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to info@traininginstitutesedu.com . Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available by going to our website and scrolling to the bottom of the page (See Privacy and Refund Policy).

 
227,837 Courses Taken
This was a great course. The instructor was very knowledgeable.
Anthony D.
 
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