The Mortgage Contingency Clause and Ethical Issues in Residential and Commercial Real Estate Contracts

SKU: REL3300

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About This Course

There are countless ways a real estate deal can go sour. Anything from the wide range of procedural issues to the emotional state of buyers and sellers can undo even the most ironclad agreement. This CLE course will explain the various contingencies that can stand in the way of finalizing real estate deals, both commercial and residential.

Topics include:

  • May the Buyer Apply to a Mortgage Broker?
  • How Soon Does the Buyer Need to Apply?
  • What if the Buyer Obtains a Commitment in a Different Amount than Provided in the Contract?
  • Conditional Commitments: Do they satisfy the contract?
  • Commitments Given, then Revoked by Lender
  • Ethical Issues Regarding the Mortgage Commitment Contingency Clause
  • Ethical Issues in Residential and Commercial Real Estate Contracts: Duty to Communicate, Retainers, Dealing with Opposing Counsel, and Truthfulness

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