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✅ Master Real Estate Practice and Contracts
A solid understanding of Real Estate Practice and Contracts is critical to passing your exam. This video features over one hundred essential practice questions, all organized by topic, to help you prepare effectively. Use the links below to focus on specific areas or review the questions in order. Feel free to pause the video to think through your answers. You're one step closer to becoming a licensed real estate professional, and Birdsy is here to support you every step of the way!
⏰ Quick Topic Links:
0:29 - Agency Relationships and Duties - Learn about the different types of agency relationships, the responsibilities of real estate agents, and the duties owed to clients and customers.
8:34 - Fair Housing Laws - Review key federal fair housing laws, including protected classes, prohibited practices, and enforcement.
14:38 - Ethics and Professional Conduct - Understand ethical practices in real estate and the professional standards required to ensure trust and integrity.
20:19 - Listing Agreements - Explore the different types of listing agreements, their legal requirements, and best practices for working with sellers.
25:47 - Buyer Representation Agreements - Examine how buyer representation agreements work, including their purpose, structure, and benefits for buyers and agents.
31:07 - Disclosure Obligations - Delve into the importance of disclosures in real estate transactions, including seller and agent responsibilities to ensure transparency.
39:07 - Escrow and Transaction Management - Learn the basics of escrow accounts, their role in real estate transactions, and effective transaction management practices.
45:12 - Antitrust Laws - Understand how antitrust laws apply to real estate, including price-fixing, market allocation, and other prohibited practices.
Real Estate Contracts:
49:05 - Required Elements of a Contract - Discover the essential components that make a contract valid, enforceable, and legally binding.
53:53 - Types of Contracts - Learn about the various types of contracts used in real estate, including listing agreements, sales contracts, and leases.
58:45 - Contract Clauses and Terms - Review common clauses and terms found in real estate contracts and their implications for buyers and sellers.
64:43 - Performance, Breach, and Remedies - Understand what happens when a contract is breached and the remedies available to resolve disputes.
70:43 - Negotiation and Acceptance - Explore the art of negotiation in real estate transactions and the process of reaching mutual acceptance.
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👇 Topics Covered in This Video:
- Key duties and responsibilities in agency relationships.
- Fair housing laws and their impact on real estate transactions.
- Ethical considerations and professional conduct for real estate agents.
- Listing and buyer representation agreements explained.
- Understanding disclosure requirements to ensure compliance.
- Transaction management, escrow processes, and legal safeguards.
- Antitrust laws and their application in real estate practices.
- Real estate contract essentials, including types, terms, and remedies for breach.
- Negotiation techniques to close deals effectively.
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