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2.0 hours Contracts Law

 Contracts Law  Course Video Image

Course Syllabus:



2 2.0 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.

Instructor: Susan Davis
Coura Gaye-Sow
Author: DEE 2296
Mandatory Seat Timer: Yes
Format: Online
Credit Hours: 2
Required Quiz Grade: 60
Exam Required: No

Content Review:
The Table of Contents page within each course will list the lesson titles and the expected time it should take the student to complete.

Kickout Minutes:
15 minutes. We need to receive a keystroke or mouse click from you every 15 minutes in order for your elapsed time to apply to your total time. If your elapsed time is greater than 15 minutes, then your time will not be counted towards your course time.

Availability of Course:
You will have 180 days to complete the course. The State course expiration date will override the account expiration date assigned at the time of purchase. Any expired, unfinished course will be replaced with a current state approved course, and will be available to you until your account expires. The courses can be accessed from any device connected to the internet at any time.

Dept of Labor, Licenses and Regulation course approval number: DEE 2296

Course Objective

Learning the Basics of Contract Formation

How we Discharge our Contractual Obligations

Learning the Remedies for Non-Performance

Understanding Purchase Agreements.

Understanding Listing Agreements.

Learning about Buyer Agency Agreements

Understanding Option Agreements.

Understanding Lease Agreements.

Understanding Escrow Agreements

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

Learning the Four Economic Characteristics of Land

Learning the Three Physical Characteristics of Land

Recognizing Various Rights Obtained

Reviewing Legal Description Systems.

Understanding Estates in Land

Recognizing Types of Co-ownership of Title.

Studying Co-ownership of Space

How Do We Show Evidence of Our Ownership?

Limitations on a Property Owner's Rights

Learn the importance of the lease to the relationship between the landlord and tenant and become familiar with common provisions found in a commercial lease.

Understand the provisions regarding control of the property

Explain the provisions of the lease regarding the term, rent, use and maintenance of the property.

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

Describe the provisions regarding assignment and subletting and of default and breach

Appreciate the provisions regarding brokerage fees

Learn the other provisions to a lease