Contract Writing - AAR Contract
(May 2005 form)
3 hours credit of Contract Law

The objectives of Contract Writing - AAR Contract is to provide the student with an understanding of the AAR's Residential Resale Real Estate Purchase Contract. Understanding the fine print in this form is imperative when confronted with questions from buyers and seller. Therefore, each of the 9 sections of the AAR contract will be thoroughly reviewed.

Contract Writing - AAR Contract
Session 1Buyer Attachment and Property
Session 2Financing Section
Session 3Title and Escrow Section
Session 4Disclosure Section
Session 5Warranties and Due Diligence Section
Session 6Remedies/Additional Terms and Conditions/Seller Acceptance Section

Course Documents and Reference Materials

  • AAR Residential Contract (May 2005 form)
  • Loan Status Report (LSR)
  • Loan Status Update (LSU)
  • Lead Based Paint Disclosure (Sales)
  • Buyer's Inspection Notice and Seller's Response (BINSR)
  • Affidavit of Disclosure
  • HOA Condominium/Planned Community Addendum
  • On-site Wastewater Treatment Facility Addendum
  • Domestic Water Well
  • Overview by Michell Lind

    In order to pass this class and receive your Educational Certificate, the student must complete all sessions by reading the material 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 50 questions taken from 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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