This course covers contracts (elements of an enforceable contract, valid, void, and unenforceable contracts), Anti-trust, misrepresentations, disclosures, record keeping, shifting risk to professionals and agency.
Contracts are an essential part of the transfer of real estate. It is important that you, as the real estate professional, are familiar with these contracts, know how to use them and have the ability to explain the terms contained within these forms. These forms aid in the development of a legally binding contract between the parties and express the terms, conditions, timeline and promises of the seller and the purchaser. Should an issue or dispute ever arise between the parties to a contract, these forms and their content will be of the utmost importance in arbitration or in a court of law.
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