Law of Contracts | Texas Approval #1251

$90.00

30 Hour | Text course | Instructor:  Kaplan University
A solid understanding of contract law is vital to the practice of real estate.  This course combines solid concepts of contract law with the most up-to-date, state-specific information students need to pass the contract questions on the Texas licensing exam while also building a solid foundation for your career in real estate.

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Description

TX Law of Contracts


COURSE SYLLABUS

Course Description

A solid understanding of contract law is vital to the practice of real estate. This exam-focused course has successfully educated thousands of students on the laws related to contracts, and it can do the same for you.

This instructionally designed course combines solid concepts of contract law with the most up-to-date, state-specific information students need to pass the contract questions on the Texas licensing exam. Based on Texas Law of Contracts, you will find this contracts course not only prepares you for success on the contract questions of your licensing exam, but will also build a solid foundation for your career in real estate.

In this course, you will learn the elements of a contract, offer and acceptance, statute of frauds, and remedies for breach, including specific performance. You will also learn about unauthorized practice of law, commission rules relating to use of adopted forms, and owner disclosure requirements. Topics include:

• Basics of real estate law
• Limitations on ownership rights
• Contracts used in real estate
• The sales contract
• Contingencies, addenda, and amendments
• Financing real estate
• Conveyance of title
• Texas contract law
• Common contract mistakes


1. Texas Contract Law

  • Key Terms
  • Texas Real Estate License Act
  • Unauthorized Practice of Law
  • The Broker-Lawyer Committee

2. Basics of Real Estate Law

  • Real Property and the Law
  • Land, Real Estate, and Real Property
  • Real Property vs. Personal Property
  • Characteristics of Real Property
  • Forms of Real Estate Ownership
  • Ownership of Real Estate by Business Organizations
  • Condominiums, Cooperatives, Town Houses & Time-Shares
  • Laws Affecting Real Estate

3. Introduction to Contracts

  • Elements of a Valid Contract
  • Express or Implied Contracts
  • Unilateral or Bilateral Contracts
  • Valid, Void, Voidable & Unenforceable Contracts
  • Executed or Executory Contracts

4. Ownership Rights and Limitations

  • Interests in Real Estate
  • Governmental Powers
  • Estates in Land
  • Encumbrances
  • Water Rights
  • Environmental Issues
  • Homestead

5. Contracts Used in Real Estate

  • Real Estate Contracts
  • Contract Law
  • Discharge of Contracts
  • Contracts Used in the Real Estate Business
  • Listing Agreements
  • Buyer Agency Agreement
  • Leasing Real Estate
  • Leasehold Estates
  • Lease Agreements
  • Types of Leases
  • Discharge of Leases
  • Options
  • Contract for Deed
  • Lease Purchase Agreements

6. The Sales Contract

  • Offer and Acceptance
  • The Document
  • Financing Information
  • Disclosures
  • Conveyance of the Property
  • Signatures
  • Statute of Frauds
  • Default and Breach of Contract
  • Remedies

7. Contingencies, Addendum and Amendments

  • Contingencies
  • Amendments
  • Addenda

8. Financing Real Estate

  • Mortgage Law
  • Security and Debt
  • Promissory Note
  • Mortgages or Deeds of Trust
  • Owner Financing
  • Foreclosures and Short Sales
  • Liens
  • The Real Estate Financing Market, Techniques and Loan Programs
  • Financing Legislation
  • Computerized Loan Origination (CLO)

9. Conveyance of Title

  • Title
  • Voluntary Alienation
  • Involuntary Alienation
  • Conveyance of Estates
  • Public Records
  • Proof of Ownership

10. Transaction Process and Closing

  • Transaction Process
  • Sample Check List
  • Loan approval
  • Real Estate Settlement Procedures Act (RESPA)
  • Inspections
  • Title Work
  • Preparation for Closing
  • Prorations
  • Closing and Funding

11. Common Contract Mistakes

  • Contract Examples
  • Common Areas of Concern


Course instructors will be available by email or telephone between 8am and 6pm 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).

335,692 Courses Taken
Scott, Thanks for your help this weekend, I passed the exam. I appreciate your help greatly.
Todd Collom - Michigan