Specific Performance
A court remedy that forces a defaulting party to complete the agreed sale, available because real property is unique.
Specific performance is a remedy in which a court orders a breaching party to carry out the contract as agreed, rather than simply paying money damages. It is available in real estate because each parcel is considered unique, so money may not make the wronged party whole.
A buyer who wants the property itself, not just compensation, seeks specific performance.
On the exam
Exam trap
Tested in
Contracts (12% of the exam)
From definition to recall
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- Liquidated Damages
An amount the parties agree in advance that one will keep or pay if the other defaults, such as retained earnest money.
- Breach of Contract
A failure to perform a contractual obligation without legal excuse, which gives the other party remedies.
- Rescission
Canceling a contract and returning the parties to the positions they held before it was made.
This definition is Florida real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.