Contracts

Welcome to the backbone of the real estate industry. You might think your job is showing houses, but your job is actually managing Contracts.A house is just a pile of bricks until a contract turns it into a transaction. If you mess up the contract, you don't just lose the commission—you can get sued or lose your license. Every contract is based on promises. In a real estate contract, the seller promises to transfer ownership of the property, and the buyer promises to pay the agreed price. These promises can be enforced by law, as long as the contract follows the required legal rules. Let's learn the rules of engagement.