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Void background in the Interest Transfer Agreement

Void background in the Interest Transfer Agreement

Aug 6th, 2022

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How to void background in the Interest Transfer Agreement

4.9 out of 5

23 votes

In this tutorial, Zach from Real Estate License Wizard discusses the significance of contracts in real estate transactions, focusing on the distinction between valid, void, and voidable contracts. A valid contract is legally enforceable, while void contracts are unenforceable, and voidable contracts can be canceled by one party. He outlines the four essential requirements for a valid contract: 1) The parties must be at least 18 years old and mentally competent; 2) The contract must serve a lawful purpose; 3) The agreement must specify clear consideration; 4) There must be mutual consent between the parties. This foundational understanding is crucial for success in real estate and for passing the real estate exam.

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