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Contract, Purchases and Sales Agreements
4 Hours of Washington Mortgage Originator Continuing Education
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In this module you will learn about the types of general contracts as well as the different kinds of real estate contracts. The module provides the student with an overview of the various types of contracts: bilateral, unilateral, implied, express, executed, executory, valid, void, voidable and unenforceable. Once the student is introduced to the different types of contracts, he or she learns what makes a contract legally enforceable, this being the five components that make a contract valid: mutual assent, legally competent parties, consideration, lawful objective and adherence to a statute of frauds.
Click here for Washington Mortgage Originator requirements.
This course is offered through 360 Training, but all other bonus materials are offered exclusively by Washington Real Estate School Online.
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Sale Price: $59.00 $110.00 |
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This module includes the following lessons:
- Types of Contracts
- Features of a Legally Valid Contract
- Contract Fulfillment
- Real Estate Contracts
The fifth and concluding lesson in this module presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this module, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems and case studies.
Mortgage Broker Continuing Education Requirements
- Designated brokers must successfully complete three approved continuing education courses (PDF)* each year. See WAC 208-660-270 for details.
- Designated brokers may receive credit for one course by attending three mortgage broker commission meetings.
- During a mortgage broker's first year of acting as a designated broker one course must cover ethics.
Note: Please include a copy of your continuing education certificate when paying your annual assessment to the Department (“DFI”).
Loan Originators Continuing Education Requirements
- Loan Originators must successfully complete two approved continuing education courses each year. See WAC 208-660-370 for details.
- Loan Originators may receive credit for one course by attending three Mortgage Broker commission meetings.
- During a Loan Originator’s first year of licensure one of these courses must cover ethics.
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