Law of Contracts CoursePrice: $88.00
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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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About Your Texas Real Estate Course
Gain access to PDF eBooks to read on the go and take quizzes and exams online!
- Convenient eBooks in Downloadable PDF Format
- No Seat Time Requirement – You may complete courses in no less than three days (max 12 hours per day)
- Quizzes and Final Exams Completed Online
- 100% Required on All Assignments, except Final
- Proctored Final Exam
- Hardcopy Textbooks Available for an Additional Cost
Law of Contracts (30 Hours)
This course 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. This is a 30-hour correspondence course with online quizzes and final.
- Texas Law of Contracts, Ben Hernandez
- Texas Contract Forms Booklet
- 12 required units: 30 Hours
- Each unit includes: Overview, Objectives and Assignments with Textbook Reading, Supplemental Reading, Multiple-Choice Practice Quiz, Multiple-Choice Unit Exam
and 3 Case Studies in Unit 12
- Online Final (covers 1-12): 60 multiple-choice questions; Proctored; 2-hour time limit
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, students 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.
- Recognize the laws that affect creation, implementation, and discharge of real estate contracts
- Identify the characteristics of personal and real property and the manner in which real property interests can be held
- Recall the types of ownership interests in real property and identify limitations to that ownership
- Identify the manner in which real property interests can be acquired and conveyed
- Recall characteristics of the mortgage markets, identify the types of loans available to borrowers, recognize the consumer mortgage laws, and differentiate between promissory notes and security instruments
- Recall the escrow procedures and title services needed to close transactions and ensure a good and indefeasible title
- Identify contracts, their requirements, and ways they are created and interpreted
- Specify basic characteristics of real estate contracts and identify the types of contracts used in real estate transactions.
- Identify and differentiate the types of listing agreements.
- Recall the need for buyer representation and The Buyer Representation Agreement.
- Designate the requirements of a valid lease.
- Recall the requirements of the executory contracts used in Texas.
- Identify the TREC sales contracts and their important elements.
- Recall the content of each sales contract addenda.
- Identify common real estate contract mistakes
Enroll now or talk with an Allied Representative today.
TREC Approved Proprietary School ID # 990009260; QE Provider # 0595; MCE Provider #04850
Course code: 9-TX-CONT-18