LAW OF CONTRACTS -
CHAMPIONS SCHOOL OF REAL
ESTATE EXAM 2024/2025 LATEST
UPDATE WITH ACTUAL
VERIFIED NGN QUESTIONS AND
WELL EXPLAINED 100%
CORRECT ANSWERS WITH
RATIONALES LATEST 2025
UPDATE GRADED A+ WITH 100%
GUARANTEED SUCCESS AFTER
DOWNLOAD
In order to comply with the _______, contracts for the conveyance of an interest in real estate
or leases for a term of more than one year must be in writing.
(b) Statute of Frauds
Broker Bernardo has a signed sales contract that has not yet gone to the closing table.
Therefore, Bernardo has a(n) _____ contract
a. Executory
, Bryan's client shows up to his closing after drinking three beers at a baseball game. Due to
his consumption of alcohol, the closing cannot take place because Bryan's client is not legally
_____ to sign
c. Competent
Lynne purchased a lake front lot in order to build her dream home. Under _____, Lynne has
the right to construct a boat dock and anchor her pontoon boat on the water
d. Littoral rights
Cities and municipalities have the right to regulate the type of buildings constructed in an
area through _____.
b. Zoning
Many states recognize statutory estates, including:
d. All of these may be recognized
How much does Anna's broker collect in commission?
C. $16,500
If Anna gets half 50% of her brokers commission how much does Anna make on deal?
a. $8,250
If nick were to refuse to pay commission what would happen?
c. Anna's broker could sue nick
Only a(n) _____ may earn a commission, and only a(n) _____ may sue to collect a
commission.
C. Broker, broker
Regardless of representation, all buyers should be provided with a(n) _____ disclosure of
representation at first contact
D. Any of the above
Which of the following is an example of a contract used often in the real estate business?
d. All of these are contracts used in real estate
Which offers should Gary present to Simon?
A. Gary should present all offers
What can Gary do to look out for his clients best interests?
A. Gary can make sure that all offerors know that this is a multiple offer situation, so they can
all make their highest and best offers
CHAMPIONS SCHOOL OF REAL
ESTATE EXAM 2024/2025 LATEST
UPDATE WITH ACTUAL
VERIFIED NGN QUESTIONS AND
WELL EXPLAINED 100%
CORRECT ANSWERS WITH
RATIONALES LATEST 2025
UPDATE GRADED A+ WITH 100%
GUARANTEED SUCCESS AFTER
DOWNLOAD
In order to comply with the _______, contracts for the conveyance of an interest in real estate
or leases for a term of more than one year must be in writing.
(b) Statute of Frauds
Broker Bernardo has a signed sales contract that has not yet gone to the closing table.
Therefore, Bernardo has a(n) _____ contract
a. Executory
, Bryan's client shows up to his closing after drinking three beers at a baseball game. Due to
his consumption of alcohol, the closing cannot take place because Bryan's client is not legally
_____ to sign
c. Competent
Lynne purchased a lake front lot in order to build her dream home. Under _____, Lynne has
the right to construct a boat dock and anchor her pontoon boat on the water
d. Littoral rights
Cities and municipalities have the right to regulate the type of buildings constructed in an
area through _____.
b. Zoning
Many states recognize statutory estates, including:
d. All of these may be recognized
How much does Anna's broker collect in commission?
C. $16,500
If Anna gets half 50% of her brokers commission how much does Anna make on deal?
a. $8,250
If nick were to refuse to pay commission what would happen?
c. Anna's broker could sue nick
Only a(n) _____ may earn a commission, and only a(n) _____ may sue to collect a
commission.
C. Broker, broker
Regardless of representation, all buyers should be provided with a(n) _____ disclosure of
representation at first contact
D. Any of the above
Which of the following is an example of a contract used often in the real estate business?
d. All of these are contracts used in real estate
Which offers should Gary present to Simon?
A. Gary should present all offers
What can Gary do to look out for his clients best interests?
A. Gary can make sure that all offerors know that this is a multiple offer situation, so they can
all make their highest and best offers
