Termination of Contracts

Course Navigation

Welcome to the course!
The Real Estate Business
Law & Qualifications
License Law And Commission Rules
Authorized Relationships, Duties, And Disclosure
Brokerage Offices and Branch Requirements
Violations Of License Law, Penalties And Procedures
Chapter 8
Property Rights
Title, Deeds And Ownership Restrictions
Legal Descriptions
Real Estate Contracts
- Contracts
- The Agreement
- Preparation of Contracts
- Contractual Capacity of the Parties
- Offer and Acceptance
- Legality of Object
- Consideration
- Key Point to Remember
- Statute of Limitations
- Void, Voidable, and Unenforceable
- Unenforceable Contract
- Essential Elements of a Valid Contract
- Essential Elements of a Valid Contract 2
- Classification of Contracts
- Express vs. Implied
- Executory vs. Executed
- Executed Contract vs. Executing a Document
- Formal vs. Informal Contracts
- Contract Negotiation
- Counteroffer
- Offer Termination, Acceptance, Rejection
- Offers termination
- Termination of Contracts
- Remedies for breached contracts
- Rescission and Compensatory Damages
- Assignment and Novation
- Listing, Sales, and Option Contracts
- Listing Agreement
- Written Listing Agreements
- Types of Listings
- Broker's Compensation & Procuring Cause
- Consideration and Earnest Money
- Title and Equitable Title
- Authority to Sign a Contract, POA...
- Johnson v. Davis
- Disclosures
- Relevant Florida Statutes
- Building Code Violation Disclosure
- Community Development District (CDD)
- Option Contracts
- Unilateral Contract 
- Required Information for an Option Contract
- Misrepresentation & Fraud
- The Intentional Lie
- Culpable Negligence
- Chapter 12 Quiz 10 xp
Residential Mortgages
Types of mortgages
Real Estate Related Computations And Closing Of Transactions
The Real Estate Markets And Analysis
Real Estate Appraisal
Real Estate Investments And Business Opportunity Brokerage
Taxes Affecting Real Estate
Planning, Zoning And Environmental Hazards
Course Assessments

FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Real Estate Contracts

Section 23 of 45

Termination of Contracts. Once a contract is signed (valid), how does it end?A. Methods of Terminating ContractsPerformance: Ideally, everyone does what they promised (Closing!).Mutual Rescission: Both agree to cancel and walk away.Impossibility of Performance: The house burns down after signing (but before closing).Breach: One party breaks their promise.B. Remedies for Breach of ContractThe Florida Real Estate Commission generally does not have the authority to handle breach-of-contract disputes. Instead, remedies for a breach are determined and enforced by the courts.