Contract Law
29
The real estate contract is perhaps one of theleast understood documents in the real estate market, and yet it is thecontract that is used most often. For your clients, the purchase of a home isgenerally the most expensive and life-changing decision they will make.Therefore, whether you are new to the real estate market or an establishedexpert, it is important that you understand the fundamentals of contract law inorder to protect both your and your clients’ interests. Your instructor will provideyou with a unique look at contracts, from the history to the evolution, fromdefinitions to types, and from Purchase and Sale to Loan Assumption Addendum.