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Li 202 Arizona Real Estate Form

Li 202 Arizona Real Estate Form

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Video instructions and help with filling out and completing Li 202 Arizona Real Estate Form

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Instructions and help about adre form

hi in this lesson we're going to talk about purchase contracts including the offer and acceptance and earnest money we're talking about purchase contracts we can't forget the Louisiana Purchase when President Jefferson back in the early 1800s purchased the Louisiana territory from France what a deal that was well most of your transactions are not going to be that big I presume and when we talk about purchase contracts we have to understand that the purchase contract actually serves three purposes the first is a copy of the buyers offer so commissioners rules here in Arizona require that as soon as someone signs an agreement they must be given a copy as soon as practicable so give the buyer a copy of the offer once they sign it the second purpose is once the seller signs and there's a full acceptance between the parties it becomes a legally binding contract and finally it serves as escrow instructions sometimes people execute separate escrow instructions

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