Contracts are an indispensable part of every real estate transaction, whether commercial or residential. Real estate experts and real estate test takers need to get accustomed to the various facets of real estate contracts. Irrespective of what countries you are sitting for your real estate exam in, you will come across real estate contract-related questions on the test. It’s a fact; real estate contracts will no doubt show up. It’s difficult to give you an exact number because every country varies. However, on average, real estate contract-related questions occupy between 10-30% of the real estate test.
Contracts can be divided into many different ways. A real estate contract can be valid, void, or voidable; bilateral or unilateral, implied-in-fact or implied-in-law contracts. It is a daunting task to grasp the difference between these kinds of contracts as well as other information about real estate contracts. But, don’t worry, you are already in the right place! Here we’ve covered everything you need to know about real estate contracts. We provide holistic real estate contracts practice test questions in the form of multiple-choice questions. Let’s test your knowledge, and we are sure that you will no longer have to grapple with this topic of real estate contracts anymore.