Real Estate Contract Crash Course (30 Minute Exam Prep)

Today we go through a full Real Estate Contract Crash Course in around 30 minutes.

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0:00 How it Works
0:39 Real Estate Contracts FAQ
2:02 The 4 Essentials of a Valid Contract in Real Estate
2:42 At What Point is a Real Estate Contract Valid?
3:30 What is a Void Contract?
4:39 What is a Voidable Contract?
5:37 What is the Difference Between Void and Voidable Contracts?
6:03 What is the Statute of Frauds?
6:33 What is a Bilateral Contract?
7:21 What is a Unilateral Contract?
8:05 What is a Purchase Agreement?
9:56 What is a Listing Agreement?
10:40 What are the Different Types of Listing Agreements?
14:13 What are Implied Contracts?
15:14 What is Implied-in-Fact?
16:22 What is Implied-in-Law?
17:10 What is the Difference Between Implied-in-Fact and Implied-in-Law?
18:02 What are Option Contracts?
20:06 What is an Executed Contract?
20:38 What is an Execution Date?
21:17 What is an Executory Contract?
21:45 What is the Difference Between Executed and Executory?
22:25 Top Essential Contract Clauses You Need to Know
26:27 What are Amendments and Addendums?
27:36 What is Novation and Contract Assignment?
29:05 What Do You NEED TO KNOW for the Real Estate Exam?

[shaquitawilson]

I just wanted to thank you Zack and the Real Estate License Wizard team!!! I passed my exam on 6/7/22 with only 2 days left on my certification. I honestly believe that this would not have happened without this channel!!!! I failed once before after taking my test right after taking my training and was really nervous to take again and was rescheduling a number of times until I really had no other choice. I’ve been watching all you videos over and over and became more confident and retaining concepts.Your ability to explain and review paired with you helpful tips and funny jokes really did the trick! I am truly so grateful, thank you so much!!! 🙏🏾

[dianamaivan]

Just passed the CA RE exam on my first try and want to thank you Zach for it. I had less than a wk to prep and only discovered you like 3 days ago and watched your 2022, 2023 PE and this one. I think it covered most of the actual exam. Again, many thanks Zach!! Cheers!

[gulaybaskalozer]

I like your calm energy, and also confidence. Thank you for your all youtube videos . I just passed the FL exam today.

[roc]

Just passed my exam. Thank you.. felt like it was 99 percent contracts and agency

[MACKMORRIS]

Just passed both my National & Nevada State exams! I couldn’t have done it without all of the wonderful review content

Thank you so much! 🙏🏽

[DraGnFly]

FABULOUS VIDEO! No babble, straight to the point, and thorough!
Thank U!

[andreadennis]

loved it. please tell me more. i watched a few and by far one of the best break downs and not so much time getting through it. thank you

[jessicabarylski]

Thank you ☺️ so much !! So much easier to understand while listening to you !!!

[lilianaorrantia]

Zack you are the best! I love watching your videos. Can you please do a video about metes and bounds and everything else related to that? thank you!

[VictorPerez-xnuf]

BRILLIANT! clear and concise explanations. Really appreciate it 🙏 in fact, I'm going to subscribe. Note: I don't take subscriptions lightly so kudos 👏

[MrMiniPancakes]

I’ve failed by test twice now…. I really needed this

[brandenj]

I will be taking my exam 4th time. I fail state part. Your videos are great help to me practicing and revising.

[shawnnajohnson]

Thank you for all of the information! AWESOME!!!

[LoveYeshua]

Hey Zack I passed the state portion but failed the national portion by 1 point I missed 7 contract questions that's why I am here. 😥

[savannadorbert]

My test is in 30mins lol but I’m gonna pass!!

[Miriamrose]

Hi Zach! I need help with a question in the test that I failed which states a contingency that earnest money would be returned after inspection and the buyer asks for it before inspection, what would selling agent do. 1) return immediately or 2)refused to return until after inspection as stated in the agreement. I can’t remember the other choices lol but I believe I eliminated them. Listening to your videos have been so helpful in retaining these concepts. Thank you!

[Mohamed]

My test is after tomorrow. Any tips on how to get it together during these last days before the exam?

[nazifbegu]

What’s up wiz, been studying RE for multiple months, still have many questions. One of them being how does the trust thing work? It says one party trustor 2nd trustee & 3rd beneficiary. I’m not sure what that means, can you give one or 2 examples/ short stories letting us know how it works? Sorry, still nowhere with this. Would love know RE before taking this state exam..

[rileysmiley]

I love contract law and l love your hair today 😍.

[mattheuuuu]

got my test tomorrow, im gonna need some luck for sure