This class is designed to help real estate professionals gain a clear understanding of commonly used contract addenda and how to properly complete them. Focusing on practical application, we will walk through each form step-by-step to ensure accuracy, compliance, and confidence when working with clients.
In Part 1, we will cover the following addenda: Third Party Financing, Right to Terminate Due to Lender’s Appraisal, Mandatory HOA, Non-Realty Items, Sale of Other Property by Buyer, and the Backup Contract Addendum. You’ll learn when to use each form, how the terms impact the transaction, and how to avoid common mistakes.
By the end of this class, agents will be better equipped to use these addenda correctly, protect their clients’ interests, and navigate contracts with greater professionalism and ease.