Real Estate Contracts
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 – (Lessons include time for a short, 5-question assessment.)
Lesson 1 Elements of a Binding Contract (29 minutes)
Types of Contracts
Lesson 2 Elements of a Binding Contract cont. (17 minutes)
Performance and Discharge
Lesson 3 Representation Contracts Agreements (26 minutes)
Lesson 4 Representation Contracts Agreements cont. (21 minutes)
Required Items and Other Provisions
Lesson 5 Disclosure Issues (20 minutes)
Seller’s Property Disclosure
Lesson 6 Purchase Agreements (23 minutes)
Required Elements of a Purchase Agreement
Lesson 7 Counter Offers and Addenda (20 minutes)
Lesson 8 Closing Costs (20 minutes)
Common Interest Community
Lesson 9 Roundtable Discussions (30 minutes)
Final Assessment (20 minutes)
Total Course length: 226 minutes (4+ hours)
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