contract signature

Ask a real estate law question, get an answer ASAP!
Thousands of highly rated, verified real estate lawyers.
Specialties include: All Real Estate Law, Landlord and Tenant Law, Foreclosure, Homeowners' Association, Trespassing, Property Law, General Legal and more.
Click here to chat with a lawyer about your rights.

Terms Used In 21 Guam Code Ann. § 104208

  • Appraisal: A determination of property value.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Probate: Proving a will
(a) Any time prior to renewal of an original broker’s license, the broker must satisfactorily furnish the evidence of successful completion of an additional ninety (90) classroom hours of study selected among the

COL 06112010
21 Guam Code Ann. REAL PROPERTY
CH. 104 REAL ESTATE REGULATIONS

following:

(1) real estate practice; (2) real estate appraisal; (3) property management; (4) real estate finance;
(5) legal aspect of real estate;

(6) real estate office administration; (7) general accounting;
(8) business law; (9) escrow;
(10) real estate contracts; or

(11) any real estate-oriented study area.

(b) Of the ninety (90) classroom hours, eighteen (18) classroom hours must be in the consumer protection area of study:

(1) land use regulation; (2) consumer disclosure; (3) agency relationship; (4) fair practices;
(5) environmental regulation and considerations; (6) taxation (real estate transaction); and
(7) probate.

(c) Thereafter, all brokers’ renewal shall be for a period of four (4) years, with a continuing education requirement of sixteen (16) hours every two (2) years. Should the broker acquire more than the sixteen (16) hours during the two (2) year period, the excess hours may be credited to future renewal requirements.

(d) Any of the ninety (90) classroom hours of study as outlined in this Section may be fulfilled by the completion of courses approved by the Guam Association of Realtors.

COL 06112010
21 Guam Code Ann. REAL PROPERTY
CH. 104 REAL ESTATE REGULATIONS

SOURCE: GC § 58157. R/R by P.L. 25-21:7. Amended by P.L. 30-129:4 (Apr. 2,
2010).

  Previous section
Next section  
 Chapter 104 Contents