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hello everybody its Zach here from realestelicensewizard.com today Im going to go over 38 real estate vocab terms pertaining to contracts these terms are super important to know and yes they will show up on your real estate exam now after this video if you want to study more real estate exam vocabulary head to our website there we have a completely free set of real estate exam vocabulary flash cards we have over 350 real estate terms all with detailed explanations and descriptions so definitely check that out if thats something that interests you link down below anyways buckle up and do me a favor and hit that like button if youre eager to pass the real estate exam without further Ado lets jump right into it alrighty lets start with valid contract what is a valid contract so the way this is going to work is Im going to give you guys just a couple moments to think about it in your mind come up with what you think the definition is what you need to know what you need to understand