by itself won’t accomplish the objectives of the parties.

• Identify and accurately complete the appropriate addenda to use in any specific situation.
• Explain the differences between assignment with recourse and without recourse.
• List the timelines and parties for notification regarding mortgage commitments.
• Define the difference to a buyer or seller of cosmetic V functional deficiency.
• Accurately calculate the down payment and financing acquired to achieve the agreed upon price and terms.
• Explains the rights of a seller regarding repairs in an AS-IS contract.
• List the options available to a buyer when a seller defaults on a contract.
• Contrast the difference between funding at closing and closing in escrow.
• Allocate closing costs between the parties.
• List the times (number of days) for cancellation between a condominium resale and a newly constructed condominium.
• Define the difference between mediation and binding arbitration.

ATTENDANCE POLICY
1. CE credit will not be awarded if arrival and check-in are not complete by 9:20am. No exceptions. Please allow adequate commute time.
2. Check in and out with ORRA's Class Monitor is required in order to receive CE credit. 
3. FREC requires a licensee attend 90% of each of the classroom hours. Physical attendance is required for the duration of class.
4. Electronic note-taking is permitted on silent devices, only. Cell phone use is permitted during designated breaks.

Special Disabilities: Accommodated with advance notice.

CANCELLATION/NO-SHOWS
Cancellations not received within two (2) days prior to class start time will result in the forfeiture of the registration fee. Cancellations can be made through ORRA’s Professional Development Department at 407.513.7268 or email at education@orlandorealtors.org.