Contract Law for Real Estate Professionals (KS/MO Dual Credit)

This course brings an understanding of what constitutes a contract, how to write a contract, the critical importance of the contract in the real estate transaction, and what to be aware of in the process. It also explains earnest money, financing, inspections, title and closing, post-closing, and much more.

The modules covered in this course are:

1. Definition of a contract
2. Legal enforceability
3. Legally required elements
4. Property
5. When do we have a deal?
6. Earnest Money
7. Financing contingency
8. Inspections
9. Default
10. Remedies
11. Title and Closing
12. Post Closing

Learning Objectives

At the conclusion of this course, students will be able to:

• identify what is needed to prepare a good contract.
• explain what makes a contract legally enforceable.
• identify five different kinds of real property ownership.
• recognize types of property descriptions and determine which are more reliable.
• recognize when an offer is complete enough to be accepted and create a contract.
• explain the purpose of earnest money.
• recognize the risks to the seller when they provide financing for the buyer.
• list some tips for writing contingencies.
• explain the importance of documentation when proving contract default.
• describe remedies that are available to the seller if the contract has been breached.
• describe how to examine the deed to be sure it follows the contract.
• identify examples of non‐disclosure related risks in a post‐closing context.

Course Content

Each module will begin with an informational video lecture from the course instructor, Vern Jarboe, followed by interactive activities to expand upon the module's subject. At the end of each module is a short quiz to help remember the important points you should now be better familiar with.

After completing all of the modules, a 30-question final exam will be given. The final exam is not timed and can be attempted as many times as needed to earn the minimum 90% passing score. Course completion certificates for Kansas real estate continuing education credit and Missouri real estate continuing education will be issued after passing the final exam and completing a course feedback survey.

Instructors

Although this course is largely self-guided, you may contact your instructor, Vernon Jarboe, at vjarboe@sloanlawfirm.com if you have questions or concerns about the course content.

Issuance of Credit

At the end of this course, you will receive a link to download a legal completion certificate. This certificate can be printed on your personal printer. 

Technology Requirements

This course is compatible with all major web browsers and operating systems. This includes Microsoft Edge and current versions of Chrome, Safari, Opera, and Firefox. Current Android and iOS mobile devices are supported.

Course Access

Access to this course is allowed for 45 days, and up to 180 days after completion, whichever is greater. The course will be available 24 hours a day, 7 days a week, unless there is scheduled system maintenance. If this course is not completed within the given amount of time, a reinstatement fee may be charged.

Cancellation and Refund Policies

No refunds are available for this course. Cancellation requires no notification and students may discontinue the course at any time.

Policies on Cheating and Misrepresentation

Misrepresentation of personal identity is strictly forbidden for all courses. Falsifying personal information, forgery, and misrepresentation may result in immediate suspension. Additional actions by state and federal agencies may include loss or suspension of a license, failure to grant a license, fees, or criminal prosecution.

Cheating on courses that supply completion certificates, designations, or official credit is not tolerated. Keynote is not obligated to continue to furnish credit or continued support for students caught cheating on any part of the coursework or testing.