Real Estate Exam [National] 40, Executory and Executed Contracts Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The distinction between executory and executed contracts based on the completion of performance. • Why a sales contract remains executory from the moment of signing until the closing of escrow. • The difference between the act of executing a document and the status of an executed contract. • Why residential and commercial leases are considered executory throughout their entire terms. • How to identify equitable title and legal title during the executory phase of a real estate transaction. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep