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

Accreditation Wreath Icon WV
SKU: REL3300 Back to Course Listings
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West Virginia CLE
Accreditation Info

Courses purchased through UnitedCLE.com are provided and fully accredited by The National Academy of Continuing Legal Education, a presumptive provider of CLE in WV, approved by the WV State Bar. To view our full accreditation details please .

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About This Course

Real estate deals are notorious for falling through. Whether commercial or residential, there are countless contingencies for buyers and sellers to be aware of. This CLE course will review, in detail, potential pitfalls such as environmental issues, lack of certificate of occupancy, failed mortgage applications and contractual issues that can delay or even nullify an agreement.

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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