Before you read
Test yourself first: 5 questions
Question 1 of 5
If a seller breaches a valid purchase contract, the buyer may seek:
Answer: A. Remedies for breach include specific performance (force the sale), monetary damages, or rescission (cancel and restore the parties).
Question 2 of 5
When a seller materially breaches a purchase agreement by refusing to convey, the buyer's possible remedies typically include all of the following EXCEPT:
Answer: D. Buyers do not post earnest money in a way that lets them keep the seller's deposit; available remedies are specific performance, damages, or rescission with a refund.
Question 3 of 5
Undisclosed dual agency is:
Answer: A. Representing both parties without the informed written consent of each is illegal and breaches loyalty/disclosure duties.
Question 4 of 5
A legal description that uses a starting point and traces directions and distances is the:
Answer: A. Metes-and-bounds describes a parcel by a point of beginning and a series of courses/distances back to that point.
Question 5 of 5
Undisclosed dual agency is best described as:
Answer: B. Undisclosed dual agency means acting for both parties without their informed consent; it is a breach of fiduciary duty and is illegal everywhere.
Keep the streak going with more questions like these, each with a full rationale.
What you need to know
When the SELLER defaults, the buyer's remedies are stronger: specific performance (courts force conveyance because land is unique), rescission with full refund, or damages. RESCISSION unwinds the deal and restores both parties to their starting positions. Mutual agreement can also cancel: a release or a novation substituting a new deal. Waiver: accepting late performance without protest can forfeit the right to complain about it.
Breach & Remedies — Both Directions: FAQs
Is Breach & Remedies — Both Directions on the real estate exam?
Yes. Contracts & Transfer of Title is a scored domain on the real estate licensing exam, and this topic appears in the national portion.
Is this cheat sheet free?
Yes — every page on Cinna RE's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.
