1. 1
    What makes a contract valid
    The 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
  2. 2
    Offers, acceptance, and how contracts end
    How 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
  3. 3
    Listing agreements
    Open, 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
  4. 4
    Sale contracts, options, and contracts for deed
    What 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
  5. 5
    Florida disclosures tied to sale contracts
    The 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.

Practice Unit 11