# CTE Resource Center - Verso - Business Law Task 1988004034

CTE Resource Center - Verso

Virginia’s CTE Resource Center

Describe the legal aspects of a real estate transaction.

Definition

Description should include elements such as
  • real estate broker agreements/contracts
  • listing agreements
  • federal Fair Housing Act
  • written-offer agreement
  • earnest-money deposit
  • appraisal of property
  • title search
  • title insurance
  • recording of deed
  • transfer of ownership
  • mortgage.

Other Related Standards

FBLA Competitive Events and Activities Areas

Business Law

 

NBEA Achievement Standards for Business Law

Compare the four kinds of deeds in common use and point out when each would be used.

   
 

Determine methods of transferring real property other than by sale.

   

Explain the legal rules that apply to personal property, real property, and intellectual property.