Contracts Law Review Topic F 1.5hrs Course: 306-0703 Instructor: MD REALTORS via Zoom
a. Price and Material Terms
b. Offer & Acceptance (Formation)
i. Delivery of Acceptance in Maryland
ii. Counter-Offer
c. Consideration – EMD as consideration, not contract requirement
i. Per Maryland law, who’s responsible for holding EMD?
ii. Who determines who holds EMD?
iii. If broker holds, broker and salesperson requirements
iv. Best practice if the parties agree that the title company will hold the earnest money deposit?
1. Update to Brokers Act
d. Termination
i. Mutual Agreement
ii. Unilateral Termination
2. Specific Contract Terms 30 min
a. First-time Buyers
b. Time is of the Essence
c. Void vs. Voidable
d. Home Inspections/ “As Is” Sales
e. Wood Destroying Insect
f. Fixtures
g. Contingencies
h. New and Updated Forms
3. Contract FAQs 15 min
a. Default
b. Multiple Offers
c. Disclosures
d. Deposit Disputes
e. Home Inspections
4. Questions and Answers 15 min
Sign in: 9:30am Class: 10am - 11:30am
Zoom
Held by MD REALTORS
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