Contract Law

Overview

A contract is an agreement between two or more parties who, in a "meeting of the minds," have pledged to perform or refrain from performing some act. Real estate contracts are the legal agreements that underlie the transfer and financing of real estate and are at the center of every transaction.

This two-hour course provides a valuable overview of Mississippi real estate contract law and explores the steps licensees can take to complete real estate transactions professionally and ethically.

Learning Objectives

Upon completion, students will be able to:

  • list the requirements for a legally enforceable contract
  • differentiate between valid, valid but unenforceable, void, and voidable contracts
  • discuss the offer and acceptance process
  • describe the different parts of the Mississippi Contract for the Sale and Purchase of Real Estate
  • list examples of commonly used secondary provisions and options
  • explain how to create a listing agreement that follows agency and contract law
  • describe the duties of property managers and the components of a management agreement

Designed For

Mississippi real estate licensees at every stage of their career.

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