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Contract Law for Real Estate Professionals

3 Law CE and 4 Elective GRI credit hours.

Become more concious of issues that can appear during the development of the legal relationship between a buyer and seller.

$60.00  |  4 Hours

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Contract Law for Real Estate Professionals

Course ID: 22258

Credit Hours Provided: 4

Category: Law CE

View Course Syllabus

Per Kentucky law, students are not allowed to complete more than 9 hours of Post-Licensing coursework per day. It's the students responsibility to track their hours. Please contact KRI with any questions.

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 20-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 75% passing score. A course completion certificate for Kentucky real estate continuing education credit will be issued after passing the final exam and completing an end-of-course survey.

This course will remain available to students for 365 days after enrollment.

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Key Features
Includes Video
Video segments highlight important points.
Downloadable Workbook
Downloadable workbook includes worksheets and exercises
Printable Certificate
Download and print your own certificate.
GRI Credit
Course credits count towards your Graduate of REALTOR Institute GRI designation.
Package Summary
Price: $60.00 (USD)
Credit Hours: 4
State: Kentucky
Category: Vocational Training > Real Estate > Continuing Education > Kentucky > Law CE
Purpose: 3 Law CE and 4 Elective GRI credit hours.
Course Provider

Kentucky REALTOR® Institute
2708 Old Rosebud Road, Suite 200,
Lexington, KY 40509
(859) 263-7377

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