Unit 11 of 19
Real estate contracts
Essential elements of a valid contract, listing agreements, sale contracts, options, and how contracts are performed or ended.
- 1What makes a contract validThe essential elements of a valid contract, Florida's statute of frauds for real estate, and how contracts are classified as express or implied, bilateral or unilateral, executory or executed, and valid, void, voidable or unenforceable.+50 XP
- 2Offers, acceptance, and how contracts endHow offers, counteroffers, acceptance and revocation work, and how contracts are performed, assigned, replaced by novation, breached, and remedied with specific performance, liquidated damages or rescission.+50 XP
- 3Listing agreementsOpen, exclusive agency, exclusive right of sale and net listings, and what Florida law requires in every written listing agreement under Fla. Stat. 475.25(1)(r).+50 XP
- 4Sale contracts, options, and contracts for deedWhat a purchase contract does, how options bind the optionor but not the optionee, how a contract for deed splits title from possession, and how a right of first refusal differs from an option.+50 XP
- 5Florida disclosures tied to sale contractsThe Florida property tax disclosure, HOA and condominium disclosures with their cancellation rights, the radon gas notice, and the seller's duty to disclose known hidden defects under Johnson v. Davis.+50 XP
Practice questions
Check yourself with exam-style questions. Each one explains the answer as soon as you pick.