Contracts Class For Maxus Real Estate Agents
A contract is a written or spoke agreement that it's intention is to be enforceable by law after two or more parties have agreed to it's terms
In Real Estate, we use it to have a legally binding agreement to purchase or transfer of real property.
As a real estate agent, your role stays within the boundaries of "fill-in-the-blanks" to direction of what forms to use.
When a real estate form is being changed by striking off whole paragraphs, adding or introducing new verbiage (besides of the normal conditions of a real estate agreement ) The person doing the changes is practically practicing law and as a real estate agent, your duties does not extend this far. .
Stick to your role and watch these two videos to understand contracts and know the answers to questions like these:
- What's the difference between a release and a notice of termination?
- Can The Contract of Sale change the compensation offered by the listing broker?
- What happens if the Listing Broker reduces the commission after your offer was submitted?
- Is the Listing Agent required to disclose WHY their prior contract has been terminated?
- Is reviewing the contract paragraph by paragraph with your client CONSTRUED AS PRACTICING LAW?
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See all the slides HERE*
How to Kill A Contract and Get Sued
This presentation is where the nuts and bolts come together and how to approach contracts to protect yourself and your broker.
If you have questions,
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