This course is a quick start program for completing the CRSP Contract: one of the two official contracts offered by the Florida Association of Realtors®.
As students’ progress through the class, they will have time to transfer what they have learned to the actual preparation of the contract itself. Allowing them to take the theoretical and apply it to the practical. By completing the contract and addendums as they progress through the course, they will become more
comfortable and confident when writing the next offer.
Objectives: After taking this class students will be able to:
• Identify and accurately complete the appropriate addenda to use in any specific situation.
• Explain the differences between assignments with recourse and without recourse.
• List the timelines and parties for notification regarding mortgage commitments.
• Define the difference to a buyer or seller of cosmetic V functional deficiency.
• Accurately calculate the down payment and financing acquired to achieve the agreed-upon price and terms.
• Explains the rights of a seller regarding repairs in an AS- IS contract.
• List the options available to a buyer when a seller defaults on a contract.
• Contrast the difference between funding at closing and closing in escrow.
• Allocate closing costs between the parties.
• List the times (number of days) for cancellation between a condominium resale and a newly constructed condominium.
• Define the difference between mediation and binding arbitration.