New Jersey Real Estate Continuing Education Basic Review of Contracts, Purchases & Sales Agreements--Core

Basic Review of Contracts, Purchases & Sales Agreements--Core

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  • Course Delivery: On Demand
  • Credit Hours: 3
  • Credit Type: Core

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Description

Clear, mutually acceptable agreements are an essential component of the legal transference of ownership. In the practice of real estate, contracts are the instruments used to describe and record the agreements surrounding the conveyance of property. Some type of contract is nearly always involved, whether a salesperson is promising to sell a property within a specified period of time, a prospective buyer is placing an offer on a house, or a seller is considering an offer on property.

Before entering into a legally binding agreement, real estate professionals must fully understand the contracts that govern their industry. Failure to understand contracts opens a licensee to various kinds of liability and can seriously damage one's professional reputation. Therefore, it is vital that real estate professionals learn this material so they can protect themselves against errors, oversights, and misunderstandings.

In this course, the student will learn about the types of general contracts as well as the different kinds of real estate contracts. The course begins by providing the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable, and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective, and adherence to a statute of frauds.

This course includes the following lessons:

  • Types of Contracts

  • Features of a Legally Valid Contract

  • Contract Fulfillment

  • Real Estate Contracts

The fifth lesson in this course presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of contractual issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems, and case studies.

 

Regulatory Information

Contracts, Purchases and Sales Agreements - New Jersey Real Estate Commission

  • Name:
  • New Jersey Real Estate Commission
  • Phone:
  • 609-292-7272
  • Fax:
  • 609-292-0944
  • Website URL:
  • http://www.state.nj.us/dobi/division_rec/index.htm
  • Email Address:
  • [email protected]
  • Address:
  • 20 W. State St.
  • City:
  • Trenton
  • State:
  • NJ
  • Zip:
  • 08625
 

Prerequisites

There are no prerequisites for this course

 

Subject Matter Expert

All course material updated and maintained by 360training.com

 

End of Course Instructions

Once you have completed this continuing education course you return to your student profile page where your Certificate of Completion is available for printing. Please keep a copy of your certificate for your own records.

 

Quiz Information

You are required to pass the quizzes to move on to the next lesson.

 

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7 Real Reviews From Actual Learners

Corey From Long Beach, NY Took Basic Review of Contracts, Purchases & Sales Agreements--Core, And Said:

very informative

Posted 3 months ago
Kelly From Saratoga Springs, NY Took Basic Review of Contracts, Purchases & Sales Agreements--Core, And Said:

I like the quizzes and summaries.

Posted 3 months ago
Enrique From Union City, NJ Took Basic Review of Contracts, Purchases & Sales Agreements--Core, And Said:

This course was great! very informative and a great resource of information for anyone that wants to continue a career in real estate. I would surly recommend this to all my real estate colleges.

Posted 3 months ago
Elida From undefined, NY Took Basic Review of Contracts, Purchases & Sales Agreements--Core, And Said:

I really like this training. I like the convenience and flexibility.

Posted 3 months ago
Gary From Syracuse, NY Took Basic Review of Contracts, Purchases & Sales Agreements--Core, And Said:

As a Business Professor, I would say this is as challenging as our online courses.

Posted 4 months ago
Robert From Smithtown, NY Took Basic Review of Contracts, Purchases & Sales Agreements--Core, And Said:

good course

Posted 5 months ago
Janet From Geneva, NY Took Basic Review of Contracts, Purchases & Sales Agreements--Core, And Said:

This course was very informative and engaging. I enjoyed it!

Posted 10 months ago