Real Estate Salesperson License Exam
Contracts Practice Questions
1 practice questions with detailed explanations — aligned to the Real Estate Salesperson License Exam.
Q1.Which of the following is NOT an essential element of a valid real estate contract?
A.Offer and acceptanceB.ConsiderationC.NotarizationD.Legally competent partiesC. NotarizationExplanation: The essential elements of a valid contract are: competent parties, offer and acceptance, consideration, lawful object, and proper legal form. Notarization is not required for a contract to be valid, though it may be required for recording.
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