Real Estate Principals lesson 7
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | an agreement to do or not to do a certain thing
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| show | one that is binding an enforceable in the court of law, and has the four elements
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| voidable contract | show 🗑
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| show | lacks legal effect
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| show | remains to be done by one or both perties
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| show | both parties have erformed
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| bilateral contract | show 🗑
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| unilateral contract | show 🗑
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| illegal contract | show 🗑
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| show | oral
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| show | must be a mirror image of the other
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| What is the last step in the 3 step process for mutual consent | show 🗑
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| show | contract is usually voidable
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| Actual fraud | show 🗑
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| Constructive fraud | show 🗑
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| Duress | show 🗑
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| menae | show 🗑
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| undue influence | show 🗑
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| Consideration | show 🗑
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| good consideration | show 🗑
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| valuable consideration | show 🗑
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| show | Everyone who isn't a minor
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| minor | show 🗑
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| show | contract must be totally legal
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| what takes priority over an oral agreement? | show 🗑
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| show | oral is considered over written do to incomplete or understood written
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| show | take priority over pre-printed parts
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| waiver | show 🗑
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| privity | show 🗑
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| is a listing contract assignable? | show 🗑
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| show | new
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| show | an offer of money or performance in connection with a contract
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| can a broker bring a suit for breach of contract | show 🗑
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| liquidated damages clause | show 🗑
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| unilaterally rescind? | show 🗑
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| show | if the terms are not to be performed within a year
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| show | an agreement between brokers to share a commission
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| what is the statute of limitations on a oral contract? | show 🗑
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| show | E-three years
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| what is that statute of limitations on a written contract | show 🗑
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| show | it doesn't have one
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| show | integrity,honesty, loyalty
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| law of agency | show 🗑
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| can an agent tell a buyer anything (the seller would take anything) just to get a sale? | show 🗑
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| what does not create an agency relationship? | show 🗑
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| show | a broker is usually employed as an actual agent
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| the principle of estoppel | show 🗑
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| if the property sells what happens to the agency? | show 🗑
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| fiduciary obligation | show 🗑
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| show | they should be submitted immediately, unless frivolous
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| when acting exclusively as agent of the buyer, who else can the agent represent? | show 🗑
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| is the oral promise of commission to a broker enforceable? | show 🗑
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| show | by communicating acceptance
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| show | "you be honest with me and i'll be honest with you"
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| show | known material fact that agent fails to disclose
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| show | doesn't eliminate the duty to disclose material facts
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| show | the broker should still treat them fairly and honestly
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To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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