This course is designed to help real estate professionals avoid many of the common pitfalls and mistakes that licensees sometimes make during real estate transactions. The course explains the contractual elements needed to make valid contracts, how multiple offers should be handled, and the sellers'd duty to provide full disclosure. Numerous case studies and examples illustrate potential problems that may occur and provide guidance to ensure that licensees remain in compliance with the law.

Avoiding Common Mistakes - General Information Page

Upon completion of this course, students will be able to:

• recognize the types of problems that may arise with purchase and sale agreements
• describe how to properly handle earnest money
• understand the laws defining and guiding equality in housing
• explain seller disclosure requirements
• recognize the types of activities that violate antitrust laws
• understand the purpose of home warranty insurance and errors and omissions insurance