This course is designed for real estate licensees seeking practical guidance on preparing and drafting “Additional Provisions” in the Contract to Buy and Sell. It focuses on how to thoughtfully structure alternative risk allocation clauses that protect the interests of both buyers and sellers while maintaining compliance with regulatory requirements.
Participants will learn how to use Additional Provisions to address unique transaction circumstances, manage risk, and clarify the rights and obligations of the parties. The course emphasizes that any modification or deletion of standard contract language must be the result of negotiations between the parties or based on their specific instructions, in accordance with Rule 7.1.
Key topics include identifying when an Additional Provision is appropriate, avoiding the unauthorized practice of law, and ensuring that all changes to standard forms are properly documented and clearly reflect the intent of the parties. Real-world examples and scenarios will help licensees develop confidence in drafting provisions that are clear, enforceable, and aligned with best practices.
By the end of the course, participants will be better equipped to responsibly draft Additional Provisions that reduce risk, enhance transparency, and support successful real estate transactions.
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