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Welcome to Unit 11 of Florida Real Estate Principles, Practices & Law. This lesson is all about real estate contracts—the Florida exam’s favorite way to test whether you understand how a deal becomes legally enforceable and what happens when someone breaks it. In this video (state exam-focused), you’ll learn: • The 4 essentials of a valid contract: capacity, offer & acceptance, lawful object, consideration • Offer/acceptance exam traps: counteroffers, revocation, expiration, and communication of acceptance • Void vs voidable vs unenforceable (how the exam phrases these) • Contract types you must recognize: bilateral vs unilateral, executory vs executed, express vs implied • Statute of Frauds (why real estate contracts must be in writing and signed to be enforceable) • Breach and remedies: rescission, damages, liquidated damages, and specific performance • Listing agreements vs sales contracts (and the listing types Florida tests) How to study this video: Watch once straight through Rewatch and pause at the questions Answer out loud BEFORE the answer is revealed Write down the “trigger words” (counteroffer, voidable, statute of frauds, specific performance) Sponsor (supports this channel): License Closet — Hang your license for 149 per year, with no multiple listing service required. https://jointheagency.license2close.c... Want to enroll in online classes? My CE Shop link is below. The CE Shop also offers education for real estate, mortgage, home inspection, and appraisal. Using my link supports the channel. https://nexahavenre.theceshop.com/ Comment prompt: Comment “UNIT 11” and tell me what you want drilled next: counteroffers, listing types, statute of frauds, or breach remedies. #FloridaRealEstate #RealEstateExamPrep #SalesAssociateExam #RealEstateContracts #OfferAndAcceptance #StatuteOfFrauds Florida laws and rules can change. Verify the most current requirements through the Florida Statutes, Florida Administrative Code, DBPR, and the Florida Real Estate Commission.