2019 Mandatory - LREC Updates and Addenda provides a comprehensive overview of recent changes made to the Residential Agreement to Buy or Sell, and also examines various addenda, both mandatory and suggested, that can be used in conjunction with the Purchase Agreement. These include the buyer agency agreement, LREC property disclosure form, condominium addendum, contingency agreements, and other addenda.

The course also reviews how to use the updated MyLREC portal, including checking and forwarding emails.

Upon completion, students will be able to:

• explain recent changes made to the Residential Agreement to Buy or Sell, including financing, curative work, and inspections
• discuss required deliverables from the buyer to the seller in conjunction with a loan application
• describe changes made to the property disclosure form
• explain the rules pertaining to the preparation of the right of first refusal addendum
• understand how to use the updated MyLREC portal