Although you have 45 days to complete this class, all CE for the current renewal period must be completed by June 10. CE will not be available from June 11 to July 1.
Licensees who have earned the Certified Residential Specialist (CRS) designation can purchase this course for 4 hours of elective CRS Credit towards renewing their CRS designation.
Licensees have the option to select this credit at checkout for an additional $20.
For additional information about CRS, please visit www.crs.com.
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:
- Definition of a contract
- Legal enforceability
- Legally required elements
- Property
- When do we have a deal?
- Earnest Money
- Financing contingency
- Inspections
- Default
- Remedies
- Title and Closing
- 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 and a short feedback survey, a course completion certificate for North Carolina real estate continuing education credit will be issued. Keep this completion certificate for your personal records. North Carolina REALTORS will then upload your course completion credit to the North Carolina Real Estate Commission.
Licensees who have earned the Certified Residential Specialist (CRS) designation can purchase this course for 4 hours of elective CRS Credit towards renewing their CRS designation.
Licensees have the option to select this credit at checkout for an additional $20.
For additional information about CRS, please visit www.crs.com.
