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 four essential elements required to make a real estate contract legally valid and enforceable.

• Why a void contract is considered a legal nullity from inception due to illegal objectives or lack of capacity.

• The specific conditions such as fraud, duress, or minor status that render a contract voidable rather than void.

• Why contracts involving minors are binding on the adult but vetoable by the minor.

• How to distinguish between voidable and unenforceable contracts to avoid common exam traps.

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