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How to Prepare Real Estate Sales Contracts

Instructions:

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

question 1 of 3

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

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

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

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About This Quiz & Worksheet

This quiz and worksheet combo will test your knowledge of real estate sales contracts. You will be quizzed on when to use specific contracts and what is required for a legally binding contract.

Quiz & Worksheet Goals

Use this quiz to test your knowledge about the following topics:

  • Types of sales contracts
  • Selecting appropriate sales contract types
  • Information required in a sales contract
  • When an attorney is needed for a sales contract

Skills Practiced

This quiz and worksheet will test you on the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related real estate sales contract preparation lesson
  • Interpreting information - verify that you can read information regarding preparing a legally binding sales contract and interpret it correctly
  • Information recall - access the knowledge you've gained regarding what key information is needed in a sales contract
  • Knowledge application - use your knowledge to answer questions about which sales contract type is applicable for what context

Additional Learning

To learn more about real estate contract preparation, review the accompanying lesson called How to Prepare Real Estate Sales Contracts. This lesson covers the following topics:

  • Purpose and definition of real estate sales contracts
  • Summary of each sales contract type
  • List of information included in a sales contract
  • Legal requirements for a sales contract
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