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Duty Of Good Faith & Due Diligence in Real Estate Transactions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Every contract contains which of the following?

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1. There is not a duty of good faith and fair dealing in which of the following types of contracts?

2. Which of the following is an example of due diligence in a real estate transaction?

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About This Quiz & Worksheet

The quiz and worksheet will evaluate your understanding of good faith and due diligence in real estate. You will be tested on what every contract contains and an example of due diligence in a real estate transaction.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • A contract that does not contain good faith and fair dealing
  • Something that is contained in every contract
  • Examples of due diligence and good faith in real estate

Skills Practiced

  • Information recall - access the knowledge you've gained regarding a contract that does not contain good faith and fair dealing
  • Reading comprehension - ensure that you draw the most important information from the related lesson on good faith and due diligence in real estate
  • Knowledge application - use your knowledge to identify a duty that requires the explanation of the purchase agreement

Additional Learning

To study more information related to real estate, review the corresponding lesson titled Duty of Good Faith & Due Diligence in Real Estate Transactions. This lesson will help you:

  • Explore the meaning of implied covenant and how it relates to good faith in real estate
  • Recall different ways due diligence can be carried out with real estate
  • Review different examples of how good faith and due diligence are applied in real estate
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