Maricopa Community Colleges  REA281AC   19936-20086 
Official Course Description: MCCCD Approval: 07/22/08
REA281AC 19936-20086 LEC 0.75 Credit(s) 0.75 Period(s)
Contracts, Agency and Insurance
Course focuses on contract, broker-agency, insurance, and litigation as applicable to the real estate industry.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
REA281AC   19936-20086 Contracts, Agency and Insurance
1. Describe the use and application of a contract in connection with the transfer of real estate. (I)
2. Interpret closing and/or escrow documents. (I)
3. Describe the position and responsibilities of brokers and agents in real estate transactions. (II)
4. Describe necessary insurance coverage for real estate. (III)
5. Describe legal proceedings applicable to real estate. (IV)
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MCCCD Official Course Outline:
 
REA281AC   19936-20086 Contracts, Agency and Insurance
        1. Contracts
      A. Contracts for Sale of Real Estate
      B. Listing Agreements
      C. Offer and Receipt
      D. Closing
      E. Escrows
      F. Land Contracts
      G. Options
    II. Brokers and Agency
        A. Brokers and Agents
        B. Administrative Regulations
        C. Agency Relationship
        D. Brokers as Special Agent
        E. Broker and Sales Person
        F. Buyer and Seller Positions
        G. Termination of Agency
        H. Duties and Liabilities to Principal
      I. Duties and Liabilities to Third Parties
          J. Ethics
          K. Termination
        III. Insurance
            A. Hazard Insurance
            B. Other Insurance
            C. Practices
          IV. Litigation
              A. Lis Pendens
              B. Adverse Possession Limitation
              C. Quiet Title
              D. Partitioning
              E. Condemnation
              F. Ejectment
              G. Forcible Entry and Detainer
              H. Summary Recovery
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