NC Post 302 Section 2 | Purchase Contracts & Offers | NC Real Estate Exam Review

Hey everyone, Donny Aisner here. Welcome back to North Carolina Post 302, Contracts and Closings. You're exactly where you need to be, in the right place here, focusing on Class 302. Today, we're only focusing on Section 2, Real Estate Sales Contract Preparation. This section makes up a pretty big portion of your class exam,

and many students lose easy points because they confuse contract forms, and they forget broker responsibilities, or they mix up addendums. You know, if you find this video reviews helpful, be sure to subscribe to the channel and download the free worksheet from the link below, so you can follow along and study after the video. Let's jump in.

Broker Competency. One of the biggest themes in Section 2 is this: The Commission expects brokers to be competent. That means you should know which form to use, when to use that form, how to properly complete it, and what every major paragraph means. Simply filling in the blanks isn't enough. A broker who improperly prepares a

contract can actually violate license law. So, remember this: Incompetence is a license law violation. Brokers cannot draft contracts. This is one of the easiest exam questions. Ask yourself this: Can a broker legally draft a contract? No, they cannot. Can a broker draft legal contract language? No, they cannot. A broker may only fill

in blanks on approved pre-printed forms. A broker may not draft custom legal client language for clients. If a unique wording is needed, call the attorney. That's the safest way to That's the safest way to avoid any problems down the road. Standard forms. Know where contracts forms come from. So, many students think that real estate