Representing Buyers in the Sale of New Homes and Condominiums
REALTOR® Education » Professional Development Program (PDP) » PDP Courses » Representing Buyers in the Sale of New Homes and Condominiums
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Representing Buyers in the Sale of New Homes and Condominiums

6 PDP Credits – 3/4 day

This course is designed to bring licensees up-to-date on the many changes that have taken place in the home profession. Learn how to better facilitate new home/condominium transactions quickly and smoothly, while avoiding the legal pitfalls that currently exist in the profession, In this course you will:

  • discuss the problems and solutions related to the leaky condo crisis;
  • explain the purpose of the Homeowner Protection Act, and the Homeowner Protection Office.
  • learn how builder licensing and mandatory 2-5-10 year home warranty insurance are applied, operated and fulfilled;
  • explain owner-built new home sales, the liabilities to the owner-builder and how this may affect future owners;
  • explain the differences between pre-July 1999 buildings and post-July 1999 construction in accordance with the Homeowner Protection Act;
  • apply various new home sales processes and know how to secure fees, deal with developer's sales teams, and sell custom-built homes;
  • describe how to establish oneself in the project marking field; and
  • write appropriate new home contracts, explain the developer's predrafted sales agreements, building schemes, lien-holdbacks, occupancy permits, deficiency clauses and assignments.

Register for this course and gain a working knowledge and a future resource base for questions, and contract writing, while representing buyers in the sale of new homes and condominiums.

Instructors:

Contact your local member board for course availability and registration.