Why is it important to know all about contracts that are used in the real estate business? It is important because licensees use contracts to list homes, sell homes, list rental property, and rent property. These contracts layout the terms and conditions that all parties must agree on to move forward with the transaction. Knowing the correct contract to use and what the contract states will help licensees guide their customers and clients properly.
This course dives into all the different contracts licensees use on a day to day basis in Florida. You may use one type of sales contract but receive a different one on one of your listings from another broker or sales associate. It only makes sense to understand the difference between the different contracts that you may receive. It also lays out what constitutes a legal and valid contract and what happens when a contract is breached by one of the parties.