2021 GAR Contract Dissection-EMERSON

2021 GAR Contract Dissection

GREC Course #72734 

Through Georgia Real Estate Academy #6915

Taught by Lynn Lenton

FREE 3 hr CE

Course Description:       This course introduces Agents, Brokers, REALTORS^® and non- REALTORS^® to the 2020 GAR Contract Forms including the Purchase & Sale Agreement, commonly used Exhibits and Amendments. This class consists of the following:

(1)   a review of the 2021 GAR Contract

(2)   a notation of the 2021 contract forms differences from 2020 forms

(3)   a discussion of the various forms available for agents to use in various contractual situations

(4)   a discussion of the general rules / guidelines / practices / requirements for proper completion of contracts and Agreements on behalf of Buyers and Sellers.

(5)   a discussion of the financing contingency exhibits & most commonly used exhibits & forms

(6)   a discussion of the handling of Earnest Money and the disbursement of earnest money upon termination of a contract

Course Objectives:        Upon completion of this course, students will be able to

(1)   understand & properly complete the 2021 GAR Purchase and Sale Agreement,

(2)   properly complete commonly used Exhibits, Amendments, & understand Special Stipulations

(3)   be able to complete transactions with proper contract completion utilizing the appropriate form and special stipulation for any contractual situation

(4)   understand the GAR licensing agreement and using / sharing contract forms with authorized users and non-authorized users