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Real Estate Exam Law of Contracts FlashcardsQuizlet Form

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Real Estate Exam Law of Contracts FlashcardsQuizlet Form

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welcome back my beautiful friends I'm Maggie to yoso bringing you the real estate education you need so that you can crush your real estate exam right here on our Channel at just call Maggie today we're covering a highly requested topic we're going to dive into the world of real estate contracts we'll be going over the five essential elements that are needed to create a valid contract so grab a pen take notes and let's get started let's begin with defining what a contract even is a contract is an agreement between two or more competent parties that creates an obligation to do or not do a particular thing a contract also does not have to be in a certain format and it can be either written or oral but remember the statute of frauds requires that for the sale or transfer of real property a contract must be in writing in order for it to be enforceable in a court of law that just means that if you and your friend decide to make an oral agreeme

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