Executory vs. Executed

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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Real Estate Contracts

Section 16 of 45

Executory vs. Executed Contracts. Executory: A "Pending" contract. Something remains to be done.Status: From the moment you sign the contract until the closing day, the contract is Executory.Executed: A "Finished" contract. All promises have been fulfilled.Status: After the closing table, when the money and deed have swapped hands, the contract is Executed.