Understanding the Texas Commercial Contract – Improved Property

Contracts CE* – 3 Hours – TREC Approval Number #45454

Texas Real Estate Commercial Contracts is a paragraph by paragraph breakdown and discussion of the Commercial Contract on Improved Property. The objective of the course is for Commercial agents to have an in depth understanding of the contract beyond what blanks to fill in.

Course Chapters:

• Paragraph 1 – Reviewing Paragraph 1 of the Commercial Contract – Improved Property Contract including identifying resources for the correct information on a property
• Paragraph 2 – Reviewing Paragraph 2 of the Commercial Contract – Improved Property Contract including discussion on property description
• Paragraph 3 – Reviewing Paragraph 3 of the Commercial Contract – Improved Property Contract including discussion on identifying proper loan amount.
• Paragraph 4 – Reviewing Paragraph 4 of the Commercial Contract – Improved Property Contract including discussion on the importance of proper disclosure
• Paragraph 5 – Reviewing Paragraph 5 of the Commercial Contract – Improved Property Contract including discussion on who gets to choose title and how to properly fill out Escrow agent
• Paragraph 6 – Reviewing Paragraph 6 of the Commercial Contract – Improved Property Contract including discussion on the standard printed exception and what it means to amend it
• Paragraph 7 – Reviewing Paragraph 7 of the Commercial Contract – Improved Property Contract including discussion on Property Condition, Feasibility, inspections
• Paragraph 8 – Reviewing Paragraph 9 of the Commercial Contract – Improved Property Contract including discussion on Leases and Estoppel
• Paragraph 9 – Reviewing Paragraph 9 of the Commercial Contract – Improved Property Contract including discussion on Broker Information and Fees.
• Paragraph 10 – Reviewing Paragraph 10 of the Commercial Contract – Improved Property Contract including discussion on closing
• Paragraph 11 – Reviewing Paragraph 11 of the Commercial Contract – Improved Property Contract  including discussion on possession
• Paragraph 12- Reviewing Paragraph 12 of the Commercial Contract – Improved Property including discussion on what can and cannot be written into special provisions.
• Paragraph 13- Reviewing Paragraph 13 of the Commercial Contract – Improved Property Contract including Sales Expenses
• Paragraph 14- Reviewing Paragraph 14 of the Commercial Contract – Improved Property Contract including how to property prorate
• Paragraph 15- Reviewing Paragraph 15 of the Commercial Contract – Improved Property Contract including default
• Paragraph 16- Reviewing Paragraph 16 of the Commercial Contract – Improved Property Contract including buyer options in case of casualty Loss
• Paragraph 18- Reviewing Paragraph 18 of the Commercial Contract – Improved Property Contract including understanding the role of Escrow agent.
• Paragraph 19- Reviewing Paragraph 20 of the Commercial Contract – Improved Property Contract including a discussion regarding Material Facts
• Paragraph 20- Reviewing Paragraph 21 of the Commercial Contract – Improved Property Contract including why the notices paragraph is so important
• Paragraph 22- Reviewing Paragraph 22 of the Commercial Contract – Improved Property Contract including how to know when you need an addendum
• Paragraph 23- Reviewing Paragraph 23 of the Commercial Contract – Improved Property Contract including an understanding of time is of the essence
• Paragraph 24-26- Reviewing Paragraph 23 of the Commercial Contract – Improved Property Contract including an understanding effective date and contract as offer