A. What contract provisions do you foresee as having the largest potential for subsequent disagreement or discord between parties to a real estate contract? Identify and discuss the provisions chosen.
OR
B. What technological advances do you foresee as having the largest impact on the future of real estate practice? Discuss the benefits and detriments of the technologies chosen.
eBook:
Hinkle, D.F. (2021). Practical real estate law (8th ed.). Cengage Learning.
In this chapter, pay attention to the list of items considered when preparing and reviewing a real estate contract. Focus on the elements of a contract and the effect of inclusion or omission of specific contract terms. Also, pay attention to how technology has modernized real estate practice. In the unit discussion, we will further analyze and discuss contract preparation and review, and the use of technology in modern real estate practice.
• Chapter 7: Preparation and Review of a Real Estate Contract
In this chapter, pay attention to the requirements of a valid deed. Focus on drafting considerations for each section of the deed, and the requirements for executing and recording a deed. Also, pay attention to how deed errors are identified and corrected. In the unit assignment / quiz, you will be asked to demonstrate your understanding of how valid deeds are prepared, reviewed, executed and corrected.
• Chapter 8: Deeds
Articles, Websites, and Videos:
There are several ‘must have’ provisions in every real estate contract. This article identifies and explains these provisions.
• Fontinelle, A. (2019, June 25). 7 conditions you must have in your real estate
contract. Investopedia.
There are several types of property deeds. This article explains various types of deeds and the quality of title they provide.
• Types of property deeds. (n.d.). RocketLawyer.
The video explains the key provisions of a residential real estate contract, and how to prepare and review the contract.
How to Fill Out a Real Estate Contract For Sale and Purchase
[E-84]
Duration: 20:51
User: Florida Real Estate Show – Added:5/14/18
This video explains the requirements of a valid deed.
Requirements of a Valid Deed
Duration: 3:38
User: Agent Learning Academy – Added:10/27/19
Practice Pointers:
• Unit 4 – Practice Pointers
Supplemental Resources:
Publisher PowerPoints:
• Chapter 7: Preparation and Review of a Real Estate Contract
• Chapter 8: Deeds
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