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Option Contracts in Real Estate

When a seller lists their home for sale in the traditional real estate market, they have the option of considering a variety of purchasers and selling to anyone they choose. However, when an option contract is added to the equation, …

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Implied Contracts in Real Estate

As we have discussed, there are numerous types of contracts in real estate. These contracts must be legally binding and are typically a written agreement. Every day, implied contracts are made in little ways. Throughout this article, we will help …

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Executed Contracts in Real Estate

There is a wide variety of real estate sales contracts, and it is essential to know what makes up each one. Executed contracts may seem challenging to understand in all the legal terms, but it’s pretty simple, and we’re here …

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What Makes a Valid, Void, and Voidable Contract?

For the real estate exam, distinguish an enforceable agreement, an agreement with no legal effect, a protected party’s right to avoid an agreement, and an obstacle to enforcement. The facts and the applicable state law determine which label fits. Contract …

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Commingling in Real Estate Definition

There are two different ways to define commingling within real estate: One, through the eyes of the agent or broker, and two, from the perspective of a real estate investor or a regular person. In this article, we will break …

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