Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how



Option Contract A unilateral contract where one party has the option to buy property at a preset price within a negotiated time period
Option Fee An amount paid to secure an option contract-paid upfront, directly to the seller, and never refundable
Bilateral Contract An exchange of promises binding both parties
Amendment Modification to an existing agreement is made and signed
Addendum Additional material or supplemental information added to an agreement
Contract for Deed Seller financing with tie retenion to protect the seller-tittle is not transferred to the buyer until the full price is paid-also called land contract intstallment contract and real estate contract
Novation The substitution of a new contract for an existing one-the original agreement is terminated
Assignment Substitution of a new party into an existing agreement-can be used to shield the identity of a buyer who wishes to be anonymous
Offer A properly completed form with a price less than, equal to, or more the sellers asking price and signed by the buyer
Counteroffer A rejection of an offer and the presentation of a new offer
Earnest money A buyer's evidence of good faith, submitted with an offer to purchase
Effcte Date of a Contract The date on which the last party signed
Fully Executed Contract A contract that is signed and carried out-sales contract at closing
Executory Contract A contract that has been signed by the parties, but not yet carried out-sales contract before closing, or contract for deed
Contingency A condition in a contract that has not yet been met-financing, inspections, ect.
Created by: Shirilyn
Popular Real Estate sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards