40000012-Triple D: Deadlines, Defaults and Definitions (3CE Core Elective)
This course meets the NMREC criteria as a 3-hour Core Elective. This course is a deep dive into contract management and is of advanced nature.
Course Introduction
FREE PREVIEWAcknowledgement
Section 1: Reference Guide
Download! NMAR Residential Purchase Agreement: Form 2104 (2025)
Download! NMAR Notification of Deadline Default and Opportunity to Cure: Form 2112 (2025)
What is the Purpose of a Contract? 📃
Spot Check 1: Review Quiz
What are Obligations?
Spot Check 2: Review Quiz
Activity! Is it an Obligation, or a Right?
Defaults Explained
Deadline Defaults⏰
Spot Check 3: Review Quiz
A Notable Exception: The Objection Deadline
Other Defaults
Spot Check 4: Review Quiz
Automatic Terminations and Contingencies ⏳
The Appraisal Contingency
The Resolution Deadline🔎
Scenario: Unresolved Objections
Quiz: Unresolved Objections
Spot Check 5: Review Quiz
Putting it all Together!👏
Section One Quiz: Deadline Default, Other Default or Not a Default? 🧠
Section 2: Reference Guide
Time is of the Essence; Material Defaults and More ⏰
Spot Check 6: Review Quiz
The Right to Notify ☎️
Spot Check 7: Review Quiz
The Obligation to Cure
Spot Check 8: Review Quiz
The Right to Terminate 🚫
Spot Check 9: Review Quiz
Activity! Complete form 2112!
Example: Earnest Money: Seller's Right to Notify...(Or Not) ❓
Spot Check 10: Review Quiz
Earnest Money Example: Buyer's Right to Cure
Spot Check 11: Review Quiz
Activity! Mini Case Study📕
Section Two: Review Quiz
Section 3: Reference Guide
Days vs Dates ⏰
Spot Check 12: Days v Dates
Mini Scenario: Larry and the Holiday Hinderance! 🫣
Spot Check 13: Mini Scenario Review Quiz
Delivery🚙
Date of Acceptance
Delivery Scenario #1 🚚
Spot Check 14: Delivery Scenario #1 Quiz
Delivery Scenario #2
Spot Check 15: Delivery Scenario #2 Quiz
Expiration Date 🕕
Fixture versus Personal Property 🏠
Activity! Match the Definitions
Spot Check 16: Review Quiz
Activity! Fill in the Blank!
Final Quiz!
Course Conclusion
Final Course Survey