Florida Real Estate chapter 11 review questions with 100% correct

Florida Real Estate chapter 11 review questions with 100% correct Which group of legal instruments may legally be prepared by a licensed real estate broker? - Correct Answer ️️ -Listing agreements, buyer brokerage agreements, Sale contracts, and option contracts. Failure to comply with the statute of frauds - Correct Answer ️️ -Would have to do with whether a contract is in writing Which contract does NOT come under the jurisdiction of the statutes of fraud? - Correct Answer ️️ -Lease agreements for one year or less A valid real estate sale contract is one that - Correct Answer ️️ -Contains all the essential elements and is in writing. An adult contracting with a minor is an example of failure to meet which essential of a real estate contract? - Correct Answer ️️ -Competente parties Canceling a daughters property indebtedness in a contract due to love and affection is an example of - Correct Answer ️️ -Good consideration A contract that is NOT in writing is called - Correct Answer ️️ -A parol contact When a contract has been formed but an undertaking remains to be performed by one or both parties, it is an example of - Correct Answer ️️ -An executory contract