Contract Law in Nevada
Contracts are an integral part of the role of a real estate professional. A properly prepared and signed contract is a legally enforceable agreement between competent parties who agree to perform, or refrain from performing, certain acts or omissions. The “properly prepared and signed” is where the real estate licensee—and this course—come in. While most of the forms that licensees use have been drafted by attorneys, licensees still need to fill in the blanks. To do so properly, they must understand basic contract law, the legal requirements included in the various contracts, and when to seek the advice of a legal professional.
This course examines the laws and regulations impacting real estate contracts. It reviews the types of contracts that real estate professionals use and describes how to properly use pre-prepared contract forms to ensure that licensees and their clients are protected under the law.
Course highlights include:
- An explanation of contractual terms, and essential elements to create a valid and binding contract.
- Anatomy of an offer and acceptance.
- Federal and Nevada state laws regarding the use of standardized contract forms, and how to property execute contracts.
- A look at the primary contracts and disclosures involved in residential and commercial real estate transactions, including sales and leases.