TN Contracts: New Construction Forms

New construction contracts are not the same as resale contracts—and understanding the nuances can protect your client, your commission, and your license.

This course provides a detailed, practical breakdown of the New Construction Purchase & Sale Agreement and the corresponding forms commonly used in new construction transactions. Designed for real estate professionals, this session will walk step-by-step through the structure, language, timelines, contingencies, allowances, upgrade provisions, and builder-specific clauses that make new construction contracts uniquely complex.

Participants will learn how to:

• Identify key differences between resale and new construction agreements
• Interpret builder addenda and proprietary contract language
• Navigate deposits, change orders, upgrade selections, and construction timelines
• Understand inspection rights, warranties, and punch list procedures
• Protect buyers through proper use of corresponding disclosures and forms
• Anticipate common pitfalls and liability risks in new construction transactions

Through real-world scenarios and clause analysis, agents will gain confidence in explaining terms to clients, negotiating effectively with builders, and ensuring compliance with brokerage and state requirements.

Whether you are new to working with builders or looking to sharpen your expertise, this class will equip you with the contractual knowledge necessary to successfully guide clients through new construction transactions from foundation to final walk-through.

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