# Episode 097 - Real Estate Exam Questions: Contract Law

Page: https://stenobird.com/podcast/a-ha-real-estate-exam-prep-podcast-4776466/episode-097-real-estate-exam-questions-contract-law
Text version: https://stenobird.com/podcast/a-ha-real-estate-exam-prep-podcast-4776466/episode-097-real-estate-exam-questions-contract-law.md
Podcast: [A-Ha! Real Estate Exam Prep Podcast](https://stenobird.com/podcast/a-ha-real-estate-exam-prep-podcast-4776466)
Published: 2023-12-07T06:00:00+00:00
Episode link: https://ahapodcast.libsyn.com/episode-097-real-estate-exam-questions-contract-law
Audio file: https://traffic.libsyn.com/secure/ahapodcast/2023.12.01_A-Ha_097_-_Real_Estate_Exam_Questions_Contract_Law.mp3?dest-id=3200714
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JSON: https://stenobird.com/v1/public/podcasts/a-ha-real-estate-exam-prep-podcast-4776466/episodes/episode-097-real-estate-exam-questions-contract-law
Duration seconds: 4628

## Resource

Episode 097 - Real Estate Exam Questions: Contract Law Going through state exam questions to help real estate students pass their state exam. 01:10 – December: Happy Holidays! 03:00 – List of recent grads: Christina, Lori, Delphine, Alisha, Patrick, Adelaide, Chefor, Grant, Heather, Anne, Carl, Arianna, Jessica, Shukeh, Amber, Autrey, Joana, Kongyu, Miles, Leticia, Larry, Maddy, Kim, Tony, Dawn, Mason, Miranda, Eleyna, Bill, Rose, Renee, Carol, Johnathon, Nathalie, Morgan, Alylynn, and Katrina. 04:10 – Message from Christina. 07:05 – Episode Focus: contract law 08:15 – Elements of a valid contract: Voluntary, Promise/s, Legal, Competency (Capacity), and Consideration. 14:00 – Express versus Implied contracts; statute of frauds. 20:00 – Bilateral and unilateral contracts. 23:35 – Creation of a contract; mutual assent (meeting of the minds); offer and acceptance; offeror and offeree; accept, reject, and counter; counteroffer is a rejection of prior offer terms; offeror can rescind (rescission) before their offer is accepted. 33:40 – Valid, void, and voidable contract; enforceable and unenforceable. 40:45 – Breach of contract; suit for specific performance. 42:30 – Termination of a contract – Performance and mutual release 45:50 – Contingencies: mortgage, inspection, title, sale of home, find another home, and more. 46:45 – No earnest money is required for a valid contract; equitable title; amendment and addendum. 53:10 – Contract law exam questions. 1:15:00 – January's episode will be about agency: creating agency, fiduciary responsibilities, dual agency, and other obligations agents have with their clients . Go to www.ahareep.com and sign up for the program for only $35, use discount code: legend15 to save 15% off. Go to www.indianarealestateinstitute.com for Indiana re…

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