Void, voidable, unenforceable, executed, and executory are not interchangeable.
Printable contracts sheet
Florida contracts and FR/BAR exam quick reference
An exam-recognition sheet for Florida contract categories, FR/BAR and FAR/BAR wording, As Is clues, escrow timing, contingencies, and deadline traps.
FR/BAR and FAR/BAR both point to Florida Realtors/Florida Bar contract materials.
On the exam, sales associates use approved forms and broker supervision. They do not draft legal clauses.
Contract category map
Contract clueExam meaningTrap
ValidLegally enforceable if all required elements are presentValid does not mean fully performed
VoidNo legal effect from the beginningDo not treat it as cancelable by one party only
VoidableOne protected party may enforce or cancelNot automatically void
UnenforceableValid elements may exist, but court enforcement is blockedStatute of frauds is a common clue
BilateralPromise for promiseMost sale contracts fit here
UnilateralPromise for performanceOption contract clue
ExecutedFully performedNot merely signed
ExecutoryPerformance still remainsSigned before closing usually points here
FR/BAR recognition map
FR/BAR exam clueRecognizeExam-safe reminder
FR/BAR or FAR/BARFlorida Realtors/Florida Bar residential contract familyBoth spellings appear in searches and study materials
As IsBuyer usually has an inspection/cancellation window if written in the stemDo not assume seller repair duty from the label alone
Effective dateThe date used to start many contract timelinesWatch if the stem gives signing, delivery, or acceptance facts
Escrow depositDeposit terms are contract facts, then escrow rules may applyContract date and receipt date can be different
FinancingLoan approval, appraisal, and financing contingency facts can controlDo not answer from mortgage math alone
InspectionInspection period wording controls the buyer's option in the stemDo not give real-world advice beyond the exam facts
Riders/addendaExtra forms can change the basic contract resultFollow the rider if the stem says it modifies the contract
Worked examples
Stem clueRecognition setupExam-safe answer
Buyer and seller sign, closing is next monthContract statusExecutory because performance remains
Minor signs a purchase contractVoidable clueProtected party may cancel or enforce
Option contractPromise for performanceUnilateral contract pattern
As Is contract with inspection windowFR/BAR clueFollow the inspection period facts in the stem
Quick self-test
Can you classify the contract clue cold?
Cover the answer key first. If you miss two or more, do not reread the whole sheet. Drill the family that caused the miss.
More practice: passfloridarealestate.com/try-a-question
- 1Warm-up
A contract is fully performed by both parties. What status word fits?
- 2Status check
A buyer signs a purchase contract but closing has not happened. Executed or executory?
- 3Voidable clue
One protected party may enforce or cancel the agreement. What contract status is this?
- 4FR/BAR clue
An As Is stem gives a 10-day inspection period. Should you ignore the inspection facts?
- 5Scope trap
A sales associate wants to draft a custom legal clause for a buyer. What is the exam-safe move?
Answer key: decision and trap
- 1Answer: Executed
Executed means fully performed, not merely signed.
- 2Answer: Executory
Some performance remains until closing.
Trap watch: signed is not the same as fully performed.
- 3Answer: Voidable
Voidable gives a choice to the protected party.
Do not call it void unless it has no legal effect from the beginning.
- 4Answer: No
Use the inspection period facts the stem gives.
As Is does not automatically erase inspection or cancellation rights in the stem.
- 5Answer: Do not draft legal language
Use approved forms, broker supervision, and legal counsel when legal drafting is needed.
Trap watch: exam contract recognition is not permission to give legal advice.
Wrong-answer traps
TrapWrong answer patternRepair
Legal adviceChoosing an answer where the sales associate drafts new legal languageUse approved forms and broker supervision in exam framing
Deadline driftCounting from the wrong dateFind effective date, receipt date, or stated deadline
As Is overreachAssuming As Is means no inspection rightsRead the inspection/cancellation facts in the stem
Escrow confusionStarting escrow timing from contract signing every timeUse receipt when the rule is about broker-held funds
Contract statusCalling a signed pre-closing contract executedIf closing has not happened, performance remains
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After the PDF
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Exam prep only. Not a substitute for the 63-hour course, DBPR steps, or Pearson VUE scheduling.
FAQ
Contracts and FR/BAR questions
Does the Florida real estate exam test FR/BAR contracts?+
It can test Florida contract recognition, common contract categories, effective-date logic, escrow facts, contingencies, and sales associate scope. This sheet is exam prep, not contract advice.
What is the difference between executed and executory?+
Executed means fully performed. Executory means performance remains, which is common before closing.
What is the biggest FR/BAR trap?+
Answering from the contract label alone. As Is, financing, inspection, escrow, and effective-date facts can all change the answer.
Should I memorize contract forms?+
No. For the exam, focus on recognizing the fact pattern, deadline clue, contingency, and scope issue.
What does FR/BAR mean in Florida real estate?+
FR/BAR refers to Florida Realtors and Florida Bar residential contract forms. For exam purposes, treat the label as a clue to read effective dates, inspection periods, financing facts, escrow language, and contingencies carefully.
Can a Florida sales associate draft contract clauses?+
For exam purposes, do not choose answers where a sales associate drafts custom legal language. Use approved forms, broker supervision, and legal counsel when the fact pattern moves into legal drafting.