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URL:https://www.learndesk.us/class/6697955492888576/lesson/af7e70ba5b4397117920c2e486c44f3b?ref=outlook-calendar
SUMMARY:Inside the Sales Contract Snapshot Review
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/6697955492888576/lesson/af7e70ba5b4397117920c2e486c44f3b?ref=outlook-calendar
DESCRIPTION: LEGAL CHARACTERISTICS
● executory contract – must complete certain actions in order to fulfill; after closing contract is extinguished; all principals should sign to facilitate title transfer and maintain marketability ● for enforceability, the contract must meet validity criteria and be in writing; validity = mutual consent; consideration; legal purpose; competent parties; voluntary act; additionally contract must identify principals, identify property with the legal description, contain a price, be signed ● must be completed by principal and legal counsel; licensees may fill in blanks of pre-printed forms
CONTRACT MECHANICS AND PROCESSES
● offer and acceptance necessary to create a binding agreement; cannot make any changes to an offer to create acceptance – if change, the offer becomes a counteroffer ● equitable title acquired by the buyer upon execution = buyer can acquire title under certain conditions or upon contract fulfillment ● Earnest money fulfills the...

https://www.learndesk.us/class/6697955492888576/lesson/af7e70ba5b4397117920c2e486c44f3b?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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