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KY 3.0 hours Real Estate Contract Law - Course Syllabus


 Real Estate Contract Law  Course Video Image

Course Syllabus:

3.0 Elective Hours.

In most states real estate agents are trained in the use of 'standard' or 'pre-printed' form contracts. In other states, only attorneys are allowed to draft contracts involving real estate. In either situation, there is little information provided to the agents about the basics of contract law. It is only through an understanding of the basic principles of contract law, that the agent will understand the many clauses in a contract and the reason behind their inclusion in the overall contract.

Contracts cover two basic transactions. Generally, contracts cover either services or goods. The United States has developed a Uniform Commercial Code that governs contracts involving the sale of goods. This course covers contracts that are not related to goods but are related to services. Generally, contracts that real estate agents will be viewing are contracts that cover services, not goods, as agents typically provide services to the parties involved in the contracts they draft.

Course Objective

Contract Law

Pre-Course Assessment

Learning Activity: Video

Understand the principals of an offer and acceptance

Arguments against the formation of a contract

Learning Activity: Video

Learning about contract performance

Discuss types of written agreements used by agents

What do we call what we buy, sell, or rent?

Recognizing various rights obtained

Recognizing types of co-ownership of real property

Limitation on ownership rights

Learning Activity: Video

Learn the importance of the lease

Other provisions of a lease

Comprehend the provisions of the lease regarding insurance and damage and destruction

Conclusion

Post-Course Assessment

Scheduled Outage: July 22, 2017 7:00 - 7:15 EST