NCREC-Approved Electives

The Devil's in the Details: A Review of the Offer to Purchase Form


Description
Almost all of the problems a broker can face before, during, and after negotiations on a residential sale have been anticipated by the Offer to Purchase and Contract (also known as the 2T) created by the NC Association of Realtors. If it's been a while since you have used this form or if you just need to know where the form provides you with a solution to a contract problem, this course is for you.

Course Number: NC Elective 1025 Name of elective cou...: The Devil's in the Details: A Review of ...

Content
  • Section 1 INTRODUCTION
  • 1.1 Introduction from Debbie
  • 1.2 Video: How to navigate this course
  • 1.3 Course description
  • 1.4 Course objectives and video introduction
  • 1.5 Rules of engagement
  • 1.6 Your instructor
  • Section 2 Handling Offers
  • 2.1 Topics for this section: A Brief Review of General Contract Theory
  • 2.2 The Significance of Contracts
  • 2.3 A Review of General Contract Theory
  • 2.4 NCREC Rule regarding Offers and Sales Contract Forms
  • 2.5 Using Realtor Forms
  • 2.6 The NCAR/NCBA 2-T Offer to Purchase and Contract form
  • 2.7 Review of General Contract Theory
  • 2.8 Just for Fun: The Sanity Clause
  • Section 3 CRITICAL PASSAGES
  • 3.1 Topics for this section: Critical Passages
  • 3.2 Important Contract Clauses for the Seller, Part I: Names and Addresses
  • 3.3 Important Contract Clauses for the Seller, Part II: Money Matters
  • 3.4 Important Contract Clauses for the seller, Part III: Fixtures, Repairs
  • 3.5 Important Contract Clauses for the Seller, Part IV: Miscellaneous
  • 3.6 Important Contract Clauses for the Buyer
  • 3.7 Filling Out the 2-T/OPC
  • 3.8 Let's Review Important Clauses
  • 3.9 Important Clauses Review
  • Section 4 SCAVENGER HUNT: MONEY DISPUTES
  • 4.1 The Rules of the Scavenger Hunt
  • 4.2 Topics for this section
  • 4.3 Scavenger Hunt: Problems with Earnest Money
  • 4.4 Scavenger Hunt: Problems with Due Diligence Fees
  • 4.5 A Note: When Should Sellers not Expect DDF?
  • Section 5 SCAVENGER HUNT: Fixtures, repairs and inspection issues
  • 5.1 Topics for this section
  • 5.2 Scavenger Hunt: Fixtures, Inspections, Repairs
  • 5.3 A Note: Expectations re Property Condition
  • Section 6: expenses
  • 6.1 Topics for this section
  • 6.2 Scavenger Hunt: Expenses
  • Section 7 Scavenger Hunt: Days and Times
  • 7.1 Topics for this section
  • 7.2 Scavenger Hunt: Dates and Times
  • Section 8: misCELLANEOUS
  • 8.1 Topics for this section
  • 8.2 Scavenger Hunt: Miscellaneous Problems
  • 8.3 Let's Review the Scavenger Hunt
  • 8.4 Final review of the Scavenger Hunt
  • Section 9: addenda
  • 9.1 Topics for this section
  • 9.2 Using Addenda Forms
  • 9.3 Addenda and Some Other Thoughts
  • 9. 4 Review: Which Addendum Should Be Used?
  • Section 10: A True-False Final Review
  • 10.1 Let's Review the OPC
  • 10.2 Review: OPC's Standards
  • Section 11: SUMMARY
  • 11.1 A Brief Thank You
  • 11.2 You're almost done!
  • 11.3 End-of-course survey
  • 11.4 Just hit the complete button....
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever