Contracts are legally enforceable promises made by one person to another. In real estate, there are many different types of contracts, including contracts for sale, options, mortgages, leases, contracts for deed, escrow agreements, and loan commitments.
This course will cover all of them. The law provides remedies if a promise is breached or recognizes the performance of a promise as a duty.
You will learn:
• What is a contract and contract history
• Some mistakes in writing contracts
• How contracts are discharged
• Breach of a contract
Contracts are mainly governed by state statutory and common (judge-made) law and private law.
3-Hours Contract Law