RE 107 - Real Estate Contracts, Transactions, and Ethics

Credits: 2

Description
An overview of real estate contracts and real estate agency. The course will provide lessons of not less than 15 hours of instructions in the preparation of contracts in real estate transactions to the extent allowed in the capacity of a real estate licensee and, will provide lessons of not less than 15 hours of instructions in real estate Agency affecting real estate practitioners

Student Learning Outcomes

Summarize real estate agency; agency laws, agency relationships, common types of agency agreements, agency duties, disclosure of agency, agency contracts, and fiduciary duties of an agent towards their clients, customers, and to third parties.
Apply National Association of Realtor (NAR) code of ethics.
Create a real estate contract.
Describe, interpret, and practice: Contract interpretation, contract enforcement, contract assignment, contract creation, and contract termination.
Explain key terms such as void, voidable, and valid contracts, rescission, novation, implied contracts, express, breach, unilateral, bilateral, enforceable and unenforceable contracts.

Prerequisite: None
Corequisite: None

Graded: Letter Grade