National Real Estate Exam Quiz
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REAL ESTATE CONTRACTS AND AGENCY
Question 1
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A land contract where the buyer has been making monthly payments for two years but has not yet received the deed is:
A
Executed because the buyer has been performing according to the agreed terms
B
Executory because the seller still owes delivery of the deed upon completion
C
Void because the deed should have been delivered within one year
D
Voidable because the buyer can demand immediate deed delivery after two years
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