Oklahoma Contracts and Forms: Residential Sales explores the Oklahoma Uniform Contract of Sale of Real Estate Residential Sale form, as well as pertinent disclosures, including the Residential Property Condition Disclosure statement and the Disclosure of Information of Lead-Based Paint and/or Lead-Based Paint Hazards form. The course also examines guidelines for disclosures relating to square footage and psychologically impaired properties.

Course highlights include:

• When an offer becomes a contract
• A deep dive into the Oklahoma Uniform Contract of Sale of Real Estate Residential Sale form
• The Residential Property Condition Disclosure Act, including duties, seller liabilities, and buyer remedies
• Tips for properly disclosing information pertaining to square footage
• Guidelines for disclosing information relating to psychologically impaired properties
• Required disclosures for lead-based paint
• Activities and scenarios to reinforce key concepts

Proper document management provides proof that a licensee did what was required, when it was required. It serves to protect the consumer and it reduces the licensee's risk of litigation.

Get ready to become more comfortable with selecting and using transactional documents. 

Course highlights include:

• Common documents used in real estate transactions
• Common contract clauses, addenda, and contingencies
• Avoiding the unauthorized practice of law
• Multiple offer management
• Document signatures, notarizations, and identification
• Transaction management methods and best practices
• Document management and retention methods and best practices
• Technology and security for document management
• Legalities of electronic communication
• Activities and scenarios to reinforce key concepts

Oklahoma Contracts and Forms Update explores the Oklahoma Uniform Contract of Sale of Real Estate Residential Sale form, as well as the disclosure requirements of the Oklahoma Residential Property Condition Disclosure Act. The course also examines guidelines for disclosures relating to square footage representation.

Understanding the recent changes to Oklahoma’s real estate contracts and forms is essential for any real estate professional seeking to serve clients in the state. For that reason, other topics included in this two-hour course include a review of Exclusive Right-to-Sell Agreements in OK, Vacant Lot or Tract Sales, and a look at new forms, relevant addenda, and specialized guidelines for various real estate sales.

Contracts and forms serve as the foundation of all real estate transactions, and even minor adjustments to these documents can have significant implications for compliance, negotiations, and client trust.

Course highlights include:

• A review of when an offer becomes a contract
• A comprehensive overview of the Oklahoma Uniform Contract of Sale of Real Estate Residential Sale form
• A discussion of the Residential Property Condition Disclosure Act, including a look at your duties, seller liabilities, and buyer remedies
• Tips for properly disclosing information pertaining to square footage
• An overview of Exclusive Right-to-Sell Residential Listing Agreements
• A discussion of Vacant Lot or Tract Sales
• Information about new Oklahoma real estate forms and changes to existing forms

Financing is integral to real estate transactions, and the more you know about how buyers qualify, the better you'll be able to help both buyers and sellers in your practice. 

Course highlights include:

• Roles and regulations of FNMA, GNMA, FHLMC, FHA, and VA
• Affordability Worksheet, to assist clients in calculating their maximum affordable purchase price
• Homebuyer Do's and Don'ts 
• Calculating LTV, front-end and back-end ratios, and monthly mortgage payments
• Details and qualification requirements for several popular financing options

The inspection period is a big hurdle to jump over on the way to closing. The inspector’s job is to call out defects. The buyer agent’s job is to negotiate repairs. The seller agent’s job is to mitigate damage. It can sometimes be hard to hold a deal together.

Protecting your buyer as a buyer’s agent means understanding the importance of the home inspection contingency and its deadlines, and identifying the need for specialized inspections.

Protecting your seller as the listing agent means helping the seller understand disclosure obligations, prepare for the inspection, and respond to a buyer’s reasonable repair requests.

Course highlights:

• The importance of the inspection contingency
• The licensee’s role in the inspection process
• Licensee and seller disclosure obligations
• Red flags related to common structural, plumbing, and electrical issues
• Specialized inspection types addressing radon, asbestos, sewer lines, septic tanks, mold, lead, and wells
• Interactive activities and scenarios