Contract Law for Real Estate Professionals
3 Elective CE and 3 Elective GRI credit hours.
Become more concious of issues that can appear during the development of the legal relationship between a buyer and seller.
$50.00
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https://www.onlineed.com/catalog/728/Contract-Law-Real-Estate-Professionals
Key Features:
Includes Video
Video segments highlight important points
Downloadable Workbook
Downloadable workbook includes worksheets and exercises.
Printable Certificate
Download and print your own certificate.
GRI Credit
Course credits count towards your Graduate of REALTOR Institute GRI designation.
This course brings an understanding of what constitutes a contract, how to write a contract, the critical importance of the contract in the real estate transaction, and what to be aware of in the process. It also explains earnest money, financing, inspections, title and closing, post closing, and much more.
Hours: 3 CE and GRI Elective credit hours
Package Summary
| Price: | $50.00 (USD) |
|---|---|
| Credit Hours: | 3 |
| Category: | Vocational Training > Real Estate > Continuing Education > Arkansas |
| Purpose: | 3 Elective CE and 3 Elective GRI credit hours. |
| Features: | online video, downloadable workbook, printable certificate, GRI credit |
Courses Provided By:
Arkansas REALTORS® Association
11224 Executive Center Drive,
Little Rock, AR 72211
(888) 333-2206
Contract Law for Real Estate Professionals
Course ID: CEDE-18-3-391
Credit Hours Provided: 3
This course brings an understanding of what constitutes a contract, how to write a contract, the critical importance of the contract in the real estate transaction, and what to be aware of in the process. It also explains earnest money, financing, inspections, title and closing, post-closing, and much more.
The modules covered in this course are:
- Definition of a contract
- Legal enforceability
- Legally required elements
- Property
- When do we have a deal?
- Earnest Money
- Financing contingency
- Inspections
- Default
- Remedies
- Title and Closing
- Post Closing
Learning Objectives
At the conclusion of this course, students will be able to:
- identify what is needed to prepare a good contract.
- explain what makes a contract legally enforceable.
- identify five different kinds of real property ownership.
- recognize types of property descriptions and determine which are more reliable.
- recognize when an offer is complete enough to be accepted and create a contract.
- explain the purpose of earnest money.
- recognize the risks to the seller when they provide financing for the buyer.
- list some tips for writing contingencies.
- explain the importance of documentation when proving contract default.
- describe remedies that are available to the seller if the contract has been breached.
- describe how to examine the deed to be sure it follows the contract.
- identify examples of non‐disclosure related risks in a post‐closing context.
Course Content
Each module will begin with an informational video lecture from the course instructor, Vern Jarboe, followed by interactive activities to expand upon the module's subject. At the end of each module is a short quiz to help remember the important points you should now be better familiar with.
After completing all of the modules, a 30-question final exam will be given. The final exam is not timed and can be attempted as many times as needed to earn the minimum 75% passing score. After completing a feedback survey, a course completion certificate for Arkansas real estate continuing education will be presented after passing the course final exam.
This course will remain available to students for 45 days after enrollment.