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Contract Law for Real Estate Professionals

Learn about contract law basics from a real estate lawyer

$59.00

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Online Course
Includes Video
Downloadable Workbook
Printable Certificate
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At A Glance:

Price: $59.00 (USD)
Purpose: Learn about contract law basics from a real estate lawyer
Features: online text, online video, downloadable workbook, printable certificate
Hours: 4 Hours

This is a non-credit course. Not for license renewals.

Category: Real Estate > Professional Development > California
Sponsor /
Delivery:
OnlineEd
7405 SW Beveland Rd,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com

This is a non-credit course. Not for license renewals.

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 15-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 70% passing score.

Our Mission Statement

To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.