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OR 3.0 hours Real Estate Contract Law - Course Syllabus


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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.