Course Description

In the real estate industry, agreements are made everyday. Whether a salesperson is promising to sell a property within a specified period of time, a buyer is placing an offer on a house or a buyer is trying to purchase a property, some type of contract will be involved. Before entering into a legally binding agreement, real estate professionals should fully understand the different types of contracts that govern their industry. If a real estate professional makes a mistake while making a contract, he or she will be held liable for that mistake. Therefore, it is vital that real estate professionals protect themselves against errors, oversights and misunderstandings.

Learning Objectives

Upon completion of this course, the student will be able to:-

Name the laws that prohibit deceptive trade practices
Name and explain the various components of a valid contract.
Identify the differences between a unilateral and bilateral contract.
Describe the various types of contracts.
Recognize the difference between a forbearance and performance agreement.
Outline the features of a contract (and the contracting parties) that make a contract legally binding.
Recognize the general features of a completed contract.
Identify when a contract can be discharged.
Recognize the different kinds of real estate contracts.

Approved States: CO

What State Can I Purchase This Course?

Colorado