Description
Real Estate Contracts
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 the 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
Types of Contracts
Essential Elements
Lesson 2 Elements of a Binding Contract cont.
Plain Language
Performance and Discharge
Remedies
Lesson 3 Representation Contracts Agreements
Agency Relationships
Fiduciary Duties
Lesson 4 Representation Contracts Agreements cont.
Listing Contracts
Required Items and Other Provisions
Lesson 5 Disclosure Issues
Seller’s Property Disclosure
Material Facts
Exemptions
Alternatives
Lesson 6 Purchase Agreements
Required Elements of a Purchase Agreement
Lesson 7 Counter Offers and Addenda
Financing Addenda
Conventional Mortgage
FHA Mortgage
DVA Mortgage
Land Contracts
Lesson 8 Closing Costs
Seller Contributions
Common Interest Community
Contingency Addenda
Cancellation
Lesson 9 Roundtable Discussions
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@onlinecti.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 Attendance, Privacy and Refund Policy).
