Daily Real Estate Exam Prep Question #42 - Contract Law

Daily Real Estate Exam Questions Here!!! Today our question has to do with contract law. In order for a contract to be valid a few things must occur: -The party must be at least 18 years old and of sound mind. -A contract must be legal. For example, there cannot be a contract to kill, steal or anything illegal. -The contract must hold a clear and definite consideration. -There must be mutual consent of the contract. Any offer to purchase real estate MUST be signed by both the buyer and seller in order to be valid. Both parties must follow these guidelines. It becomes a legal contract as soon as both parties sign. -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=- -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com -=-=-=-=-