📚 Real Estate Exam Vocabulary: WHAT IS A VALID CONTRACT? This is one of the most important concepts you need to master for the real estate exam — what makes a contract valid. KJ breaks it down in a simple way you’ll remember on test day. A valid contract must contain all the required elements. Miss even one, and the contract fails, just like baking a cake without all the ingredients. 💡 Remember the acronym CALL: C — Consideration An exchange of value or promises between the parties A — Assent
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