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Real Estate Sales Contracts for Buyers & Sellers Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. A fully performed contract is what type of contract?

Question 2 2. Which of the following is incorrect about express contracts?

Question 3 3. A contract between two parties giving reciprocal promises is what type of contract?

Question 4 4. Tom has entered into a contract where he can buy a specific parcel of real estate for $100,000 within 120 days of the contract's date. What's the best description of Tom's contract?

Question 5 5. Which of the following is implied in law to avoid an injustice?

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Question 6 6. What elements are required to form a legally binding real estate purchase contract?

Question 7 7. What neutral third party in dispute resolution helps to negotiate a settlement?

Question 8 8. What neutral third party in dispute resolution has the authority to decide a dispute?

Question 9 9. Under the merger doctrine, what are the provisions for purchase terms of agreement merged into the deed?

Question 10 10. A _____ is a condition that must be satisfied or the real estate purchase contract can be voided.

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Question 11 11. When would an agent need to have an attorney write a new sales contract?

Question 12 12. When would a new construction sales contract be used in a real estate transaction?

Question 13 13. Your seller is selling his home to a buyer. What type of sales contract is appropriate?

Question 14 14. What is an example of a situation that requires a commercial contract?

Question 15 15. What is one piece of information needed for a sales contract?

Real Estate Sales Contracts for Buyers & Sellers Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Alabama Real Estate Broker Pre-License Exam: Study Guide & Practice  /  Business Courses
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