AAR Residential Transaction Forms
3 hours credit - Contract Law

At the conclusion of this course, the student will be able identify and use the appropriate AAR FORM that is commonly used in conjunction with the AAR Residential Purchase Contract. Nineteen (19) forms will be reviewed for the student to implement in a transaction and to properly explain them to their client so they can make an informed decision.

Summary of Sessions
Session 1OVERVIEW OF AAR FORMS & CONTRACT LAW CONCEPTS
Session 2LOAN CONTINGENCY & APPRAISAL ADDENDUMS
Session 3LEAD-BASED PAINT DISCLOSURE & AFFADAVIT OF DISCLOSURE
Session 4BINSR & ON-SITE WASTEWATER TREATMENT FACILITY ADDENDUM
Session 5CURE PERIOD NOTICE, COUNTER OFFERS & OTHER ADDENDUMS
Session 6"AS IS" ADDENDUM, BUYER CONTINGENCY & H.O.A. ADDENDUM
Session 7ASSUMPTION/CARRYBACK & SHORT SALE ADDENDUM

Course Documents and Reference Materials

  • AAR Purchase Contract
  • Pre-Qualification Form
  • Unfulfilled Loan Contingency Notice
  • Appraisal Contingency Notice
  • Loan Status Update (LSU)
  • Lead-Based Paint (Sales)
  • Affidavit of Disclosure
  • Buyer's Inspection Notice and Seller's Response (BINSR)
  • On-Site Wastewater Treatment Facility Addendum
  • Cure Period Notice
  • Counter Offer
  • Multiple Counter Offer
  • Multiple Offer/Counter Offer
  • Addendum
  • Additional Clause Addendum
  • "AS IS" Addendum
  • Buyer Contingency Addendum
  • H.O.A. Condominium/Planned Community Addendum
  • Assumption/Carryback Addendum
  • Short Sale Addendum

    In order to pass this class and receive your Educational Certificate, the student must complete all sessions by reading the materials online and completing the quizzes at the end of each session.  After all sessions have been completed, the student can then proceed to take their Final Exam, which consists of 25 questions based on the completed sessions.

    You must pass the Final Exam with a score of 80%, which will indicate that you have read and completed your assignments.  You can retake the final until you pass.

    Once you pass your Final Exam, you can then click on the Certificate Link and receive your Educational Certificate for 3 hours of credit in Contract Law, IMMEDIATELY.



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