Contracts — Real Estate Salesperson — National Exam Practice Test

This Real Estate Salesperson — National Exam Contracts practice set has 66 practice questions based on the official exam materials, each with an instant explanation. You need 75% on the real Real Estate Salesperson — National Exam knowledge test to pass.

Sample questions

Three questions from the Contracts bank with the correct answer and an explanation. The practice quiz above draws 30 questions at random from the same bank.

1. A contract in which the parties state their intentions and terms in spoken or written words is best classified as a(n):

   • Express contract — Correct answer
   • Implied contract
   • Unilateral contract
   • Executory contract

   Explanation: An express contract is created by the parties' explicit words — spoken or written — that state the terms. It is contrasted with an implied contract, which is inferred from conduct rather than words. English term — Express contract（明示合同）: a contract whose terms are stated directly in words.

   Handbook: Contracts — Contract Classifications

2. A contract created by the actions and conduct of the parties, rather than by their spoken or written words, is called a(n):

   • Implied contract — Correct answer
   • Express contract
   • Bilateral contract
   • Executed contract

   Explanation: An implied contract is inferred from the parties' conduct and the circumstances — no words state the agreement, yet their behavior shows mutual intent to contract. It is the opposite of an express contract. English term — Implied contract（默示合同）: a contract inferred from conduct rather than from words.

   Handbook: Contracts — Contract Classifications

3. A typical real-estate purchase agreement, in which the buyer promises to buy and the seller promises to sell, is an example of a(n):

   • Bilateral contract — Correct answer
   • Unilateral contract
   • Implied contract
   • Void contract

   Explanation: A bilateral contract is a promise exchanged for a promise — both parties are obligated to perform. A standard purchase agreement (promise to buy for a promise to sell) is the classic bilateral contract, unlike a unilateral contract where only one party promises. English term — Bilateral contract（双务合同）: a contract in which both parties exchange binding promises.

   Handbook: Contracts — Contract Classifications