One of the primary reasons Texas licensees are hired is to correctly fill out the promulgated contract forms. This course provides an in-depth look at the revised Texas Residential One to Four Family Contract (Resale) with a paragraph by paragraph discussion that includes correct procedures as well as best practices in contract construction. It answers questions such as how are binding contracts formed? What makes a contract enforceable? How can licensees avoid practicing law when writing contracts? And, importantly, how do licensees correctly reduce to writing their client's intents?

Upon completion of this course, a student will be able to:

• accurately translate the wishes and intents of the parties into a residential sales contract
• recognize the elements of a valid contract
• discuss the importance to the agent and client of competently filling out the promulgated contract form
• state the requirements for delivering a Seller's Disclosure of Property Condition
• list licensee actions that would be considered the unlawful practice of law
• explain the buyer's duty to deposit earnest money and when they have the option to terminate the contract
• describe the legal remedies available upon breach of contract

Texas real estate licensees who must take a minimum of 3 hours of contract related course work each license cycle as part of their 18 hours of continuing education. This course fulfills that requirement.