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Real Estate Contracts

Across
Contract term for the seller
The purpose of the statute of _____ is to prevent a person from claiming to have entered into a fictitious contract
An _____ right-to-sell listing involves a commission to the listing broker no matter who sells the property
An informal or oral contract
A buyer _____ agreement is an employment contract with purchaser
This kind of listing is created when a seller agrees to sell a property for a stated acceptable minimum amount
The making and acceptance of an offer involves _____ assent
A contract that cannot be proved or will not be recognized by a court
A contract in which one of the parties may void his/her contractual duties
Love is an example of this kind of consideration
Substitution of a new party or new terms to an existing obligation
This statute designates the period of time during which the terms of a written contract can be enforced
Type of listing a seller gives to multiple brokers
The parties to a contract may stipulate the _____ damages to be paid in the case of default by the seller
An agreement between two or more competent parties to do, or not to do, some legal act for a legal consideration
Down
Contract term for the buyer
Sufficient to be legally binding
A contract obligating both parties to perform in accordance with the terms
Money constitutes a _____ consideration
A contract that obligates only one party to an agreement
This type of contract creates the right to purchase property at a specified price during a designated period based on sufficient consideration
This kind of contract is legally binding
Transfer of rights and duties under a contract
An exclusive _____ listing is given by a seller to one broker, who may or may not receive the commission
Possessing the legal capacity to contract
A meeting of these means both parties reach an agreement on all terms in the contract
When a contract does not meet all of the required elements of a valid contract