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19% of national exam — CRITICAL

Contracts & Agency

Contract law fundamentals, purchase agreements, and the offer process

5

Chapters

17

Lessons

Free

No cost

Start This Module Free

What You Will Learn

1

Contract Fundamentals

4 lessons

  • readingEssential Elements of a Valid Contract
    25 min
  • readingStatute of Frauds & Writing Requirements
    20 min
  • interactiveContract Performance & Conditions
    21 min
  • readingContract Interpretation Principles
    16 min
2

Purchase Agreements

4 lessons

  • readingAnatomy of a Virginia Purchase Agreement
    26 min
  • scenarioFinancing Contingencies & Loan Approval
    21 min
  • interactiveInspection Contingencies & Negotiating Repairs
    23 min
  • interactiveEarnest Money: Handling, Disputes & Default
    20 min
3

Listing Agreements

3 lessons

  • readingExclusive Right to Sell vs. Exclusive Agency
    21 min
  • readingKey Listing Agreement Terms & Obligations
    20 min
  • readingTerminating Listing Agreements
    16 min
4

Offer & Counteroffer Process

3 lessons

  • readingPresenting & Receiving Offers
    20 min
  • interactiveCounteroffers & Negotiation Strategy
    21 min
  • scenarioMultiple Offer Situations & Best Practices
    18 min
5

Contract Termination & Breach

3 lessons

  • readingBreach of Contract & Remedies
    23 min
  • interactiveContract Cancellation Procedures & Mutual Release
    20 min
  • readingContract Assignments & Novations
    15 min

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