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Real Estate 7 Test

Enter the letter for the matching Answer
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1.
when is a contract have to be in writing, in terms of time?
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2.
what is the statute of limitations on a oral contract?
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3.
valuable consideration
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4.
is a listing contract assignable?
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5.
executory contract
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6.
unilateral contract
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7.
fiduciary obligation
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8.
excuted contract
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9.
minor
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10.
how does the broker officially earn commission?
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11.
silence
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12.
can a broker bring a suit for breach of contract
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13.
Constructive fraud
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14.
Actual fraud
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15.
actual athority
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16.
law of agency
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17.
bilateral contract
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18.
what does not create an agency relationship?
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19.
handwritten or typed parts?
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20.
valid contract
A.
disclose all offers
B.
V-two years
C.
anything of value
D.
an agent must reveal witch agency they are with
E.
known material fact that agent fails to disclose
F.
a broker is usually employed as an actual agent
G.
remains to be done by one or both perties
H.
no, it can not be given to another broker
I.
person under the age of 18
J.
no
K.
by communicating acceptance
L.
Accident
M.
if the terms are not to be performed within a year
N.
both parties have erformed
O.
a promise for a act
P.
one that is binding an enforceable in the court of law, and has the four elements
Q.
On purpose
R.
take priority over pre-printed parts
S.
voluntary offer
T.
a promise for a promise
Type the Answer that corresponds to the displayed Question.
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21.
if the property sells what happens to the agency?
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22.
good consideration
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23.
what takes priority over an oral agreement?
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24.
what is that statute of limitations on a written contract
Type the Question that corresponds to the displayed Answer.
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25.
lacks legal effect
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26.
if they don't do their part you don't have to do yours
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27.
an agreement to do or not to do a certain thing
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28.
integrity,honesty, loyalty
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29.
a unilateral act which relinquishes a right in a contract
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30.
voidable

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