Understanding New Home Builder Contracts and Addendums

HomesUSAAlliance Certification hosted in ZOOM Virtual Classroom

Agents need to understand that builder contracts and addendums vary and are unique to the builder. Builder contracts and addendums will favor the builder and must be reviewed by the agent prior to a client signing the agreement. However, builder contracts and addendums are not to be feared but must be understood.

Builders want to protect themselves just like agents want to protect their clients. The key to success in the builder contract process is communication. When agents understand the how’s and why’s of builder contracts they can communicate openly with the builder and client. The result is a satisfied client and builder.

Successfully completing this 2-hour seminar teaches agents the following:

1. Understand the differences between a Production Builder/Semi-Custom/Custom Home Builder as it relates to New Home Construction Contracts
2. Review a New Home Construction Contract & Addenda
3. Understand the importance a Realtor brings to a New Home Construction Contract and why it is important for the Realtor to understand the details of the Contract
4. Approach the New Home Builder when conflicts arise throughout the process