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Kevin

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by

Chris Broveleit

on 28 January 2011

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Transcript of Kevin

Contract Basics What is a contract?
What rules govern contracts? State laws
Statute of Frauds
Law of Agency - DOL
NWMLS
Realtor (t) Code of Ethics
Common Law
Implied Rule of "Good Faith and Fair Deals"

How many contractual relationships exist in a single purchase transaction? Purchase & Sale: Buyer and Seller
Listing Agreement: Seller and Listing Broker
Buyer's Agency Agreement: Buyer and Buyer's Broker (Selling Agent)
MLS "Cooperative" Agreement: Between all Brokers
Other Agreements: Lender, Escrow, Title, Inspector, and countless others
Procuring Cause Dispute Resolution Courts
Arbitration
Mediation
Realtor Board
NWMLS
Are you practicing law as a Real Estate Broker?
Yes! But our practice is limited to forms prepared and approved by attorneys.
What about form 34?
Full transcript