Law of Contracts

The Law of Contracts study guide is your comprehensive preparation resource for mastering contract law concepts tested on the Texas Real Estate Commission (TREC) state and national exams. This focused program is designed to help you confidently tackle contract-related questions and scenarios that appear on your licensing examination. This study guide systematically covers all essential contract law topics required for exam success. You will master the fundamental elements of valid contracts, including offer and acceptance, consideration, competent parties, legal purpose, and proper legal form. Each concept is presented with clear explanations and exam-focused examples that mirror the types of questions you'll encounter on test day. The program provides in-depth coverage of contract formation, execution, and enforcement principles as they specifically relate to TREC exam requirements. You'll learn to distinguish between valid, void, voidable, and unenforceable contracts—a critical skill tested extensively on both state and national exams. The curriculum also addresses express and implied contracts, bilateral and unilateral agreements, and executed versus executory contracts. Special emphasis is placed on Texas-specific contract forms and legal requirements that frequently appear on the state portion of the exam. You'll study mandatory contract disclosures, seller's disclosure obligations, contract contingencies, option periods, and earnest money provisions. The program thoroughly reviews TREC-promulgated forms, including residential purchase contracts, addenda, and notices that you must understand for the exam. You'll also prepare for questions on contract remedies, breach of contract, specific performance, and the statute of frauds as applied to real estate transactions. Practice scenarios and exam-style questions are integrated throughout to reinforce your understanding and build test-taking confidence. This self-paced study guide allows you to review material at your own speed, focusing extra time on challenging topics while moving efficiently through areas you've already mastered. Whether you're preparing for your first attempt or retaking the exam, this program provides the targeted contract law knowledge you need to pass the TREC state and national examinations and launch your real estate career.