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Virginia Course: 1 Hr. Virginia Contract Law

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1 Hr. Virginia Contract Law

$9
1 Total hours
0 Elective hours
1 Mandatory hours

Decoding real estate contracts and agreements doesn’t have to be a time-consuming and difficult process. Agents who understand the basic terminology and core components of a valid contract are better able to serve their clients, their industry, and their business.

This 1-hour course, which meets the Real Estate Contracts CE requirement for renewing salespeople and brokers, analyzes common agency agreements (including listing agreements, buyer/broker agreements, and sales contracts), looks at federal and state-specific guidelines for processing contracts, and much more!

Course highlights include:

  • A thorough look at contract terminology and the elements of a valid contract
  • A comparison look at the three key types of listing contracts—Exclusive Right to Sell, Exclusive Agency, and Open Agency—so that agents understand the benefits and defining characteristics of each
  • An examination of how offers can be terminated, as well as the distinctions between a void contract and a voidable contract
  • A discussion on state and federal guidelines for correctly handling each contract
  • Activities to seal in the new information and frame it in everyday context