National real estate test Exam Review Questions with all Answers verified for accuracy Updated 2024/2025



Unilateral contract - correct answer contract containing one promise given in exchange for completing an act. No obligation to act.



Bilateral contract - correct answer contract containing two promises. Example: a listing agreement is a bilateral contract



Client/principal - correct answer a person who has entered into an agency relationship w/ a licensee & with whom there is a w...
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