How to Write Conditions and Contingencies
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|Category:||Real Estate > Continuing Education > Oregon > Real Estate Contracts|
|Features:||online text, Online Audio, printable certificate, PDF eBook|
Course ID: 1038-1061
Credit Hours Provided: 1
Category: Real Estate Contracts
Conditions and contingencies will be found in almost every real estate purchase and sale agreement. A purchase may be contingent on the buyer receiving a loan to purchase the property, the seller locating and purchasing a replacement property, or even inspection reports that confirm the condition of the property being purchased.
It is important real estate licensees to understand the law relating to them, since real estate sale agreement provisions may not become an affirmative duty until the happening of a contingency or condition. Neglecting these issues in the real estate contract may result in a unhappy buyer or seller.
This one-hour course will discuss methods to use when writing a contingency, how to write a contingency for the benefit of your client, and how to write iron- clad contingencies that do not provide wiggle room for either party.
At the end of the course is an optional 10-question final exam. After completing the Oregon Real Estate Agency mandated seat time, an Oregon real estate continuing education certificate will be available for printing.
This course will remain available to students for 730 days after enrollment.
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.