Representing Buyers in the Sale of New Homes and Condominiums
In Representing Buyers in the Sale of New Homes and Condominiums, REALTORS® will study the problem of and the solutions to the leaky condo crisis, the differences between old and new construction warranted properties, the sales process, the drafting of contracts, and the closing process.
By the end of this course, learners will be able to write appropriate new home contracts, explain the developer's pre-drafted sales agreements, and understand how to handle assignment contracts and the associated issues with assignments. REALTORS® will also be able to explain the purpose of the Homeowner Protection Act and BC Housing; explain owner-built new home sales, the liabilities to the owner-builder, and how this may affect future owners; and explain builder licensing and how the mandatory 2-5-10 year home warranty insurance is applied, operated, and fulfilled.
This course also ensures REALTORS® know how to apply various new home sales processes, how to secure fees, and how to establish themselves in the project marketing field.
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