This course is LREC approved for 4 hours of continuing education credit and carries the ARELLO certification for delivery as required.
2023 Broker Note: If you have a BROKER's license in Louisiana, you must also complete the 4-hour Broker Mandatory course as a part of your 12 hours of continuing education.
Salesperson Note: If you have a salesperson license, you must complete the mandatory course as well as 8 hours of approved elective CE in order to renew your license.
Details About This Course:
In this course, we will discuss the updates made to the Purchase Agreement. We will examine the updates made in 2017 as well as 2018, all of which are incorporated into the current Purchase Agreement. We will also examine in-depth the sections on Financing, Curative work, and Inspections. We will explore what is customary, what is required, and what actions may incur liability on the part of the Licensee. In conjunction with the examination of the Purchase Agreement, we will refer to and analyze the addenda, both mandatory and suggested, that may be used when filling out a Purchase Agreement. Finally, we will examine the new features associated with the updated MyLREC portal.