This course describes the listing and buyer representation agreements, sales contracts, addenda, notices, and leases typically used. Students will study the steps in the closing process and become familiar with typical closing documents. New correspondence version with convenient downloadable PDFs. TREC approved.
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Law of Contracts is a 30-hour course that covers the laws and regulations that affect the preparation and use of the various contracts that a Texas license holder may encounter in a residential transaction. Since the subject of residential contracts is real property and its ownership, a brief overview of real property rights and interests, along with the different methods of property ownership is presented.
Knowledge of the various contracts is mandatory in the real estate industry. Therefore, the course describes the listing and buyer representation agreements, sales contracts, addenda, notices, and leases typically used. It reviews the financial instruments (promissory notes and deeds of trust) needed to close most residential transactions. Students will study the steps in the closing process and become familiar with typical closing documents.
Upon completing this course, you will be able to identify various real estate contracts and be familiar with their use. The information presented will also assist students in preparing for their real estate licensing exam.
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TREC Approved Proprietary School ID # 990009260; QE Provider # 0595; MCE Provider #04850
Course code: 9-TX-CONT-16