1. Application of principles 2. Math calculations III. CONTRACTS AND RELATIONSHIPS WITH BUYERS AND SELLERS (14 items) A. Contract elements 1. Validity 2. Void/voidable 3. Enforceable/unenforceable (Statute of Frauds) 4. Executory/executed B. Listing contracts 1. General purpose/definition of listing 2. Types 3. Required elements 4. Establishing listing price 5. Responsibilities 6. Compensation arrangement C. Buyer Representation Agreements 1. General purpose 2. Types 3. Required elements 4. Responsibilities 5. Compensation arrangement D. Sales contracts 1. Terminology 2. Procedures 3. Standard parts 4. Contingencies and misc. provisions 5. Contractual rights and obligations 6. Disputes and dispute resolution terms 7. Delivery and acceptance E. Option contracts F. Agency relationships and responsibilities 1. Types of relationships definitions — 2. Relationship powers and obligations IV. PROPERTY CONDITIONS AND DISCLOSURES (9 items) A. Federal environmental regulations 1. Lead-based paint 2. CERCLA 3. Asbestos 4. Wetlands and flood plains B. Environmental issues 1. Mold 2. Radon 3. Protected species
1. Application of principles 2. Math calculations III. CONTRACTS AND RELATIONSHIPS WITH BUYERS AND SELLERS (14 items) A. Contract elements 1. Validity 2. Void/voidable 3. Enforceable/unenforceable (Statute of Frauds) 4. Executory/executed B. Listing contracts 1. General purpose/definition of listing 2. Types 3. Required elements 4. Establishing listing price 5. Responsibilities 6. Compensation arrangement C. Buyer Representation Agreements 1. General purpose 2. Types 3. Required elements 4. Responsibilities 5. Compensation arrangement D. Sales contracts 1. Terminology 2. Procedures 3. Standard parts 4. Contingencies and misc. provisions 5. Contractual rights and obligations 6. Disputes and dispute resolution terms 7. Delivery and acceptance E. Option contracts F. Agency relationships and responsibilities 1. Types of relationships — definitions 2. Relationship powers and obligations IV. PROPERTY CONDITIONS AND DISCLOSURES (9 items) A. Federal environmental regulations 1. Lead-based paint 2. CERCLA 3. Asbestos 4. Wetlands and flood plains B. Environmental issues 1. Mold 2. Radon 3. Protected species
Getting_a_Real_Estate_License.docx