The Real Estate Encyclopedia
What Subject Matter Might I Find Under "selling Properties" On The Real Estate Exam?
Category - Professional Development - Become a Real Estate Agent

A typical outline for questions covering “Selling Properties” on the Real Estate exam includes:

 

Ø       Contracts and Offers (for example, essential elements, which must be contained in a contract to make it valid and enforceable)

Ø       Sales contract provisions (identification of buyer and seller name, purchase price, financing terms, amount of earnest money paid by the buyer, date of closing and possession, inspection requirements, etc.)

Ø       Offers and Counteroffers (for example, binding agreement date; mailbox theory - when is an offer “accepted;” - options; contingencies; removing contingencies; etc.)

 
Category(s)
Professional Development - Become a Real Estate Agent
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