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Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

That is not a copmmon term in Oklahoma but as others have said there is not real contract unless in writing and agreed to by all parties as I understand it.

Jan 25, 2019 10:39 AM
Ambassador
5,469,111
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

An Express contract is in writing, while we hear more issues with Implied contracts.

Implied contracts are common when agents work with buyers without taking the time to get a Buyers agency signed and start advising and talking like they are representing the buyer.

The buyer thinks they have an agent while the agent is really contractually obligated to serve the needs of the Seller.

Please dont take this as legal advice though since I am not a lawyer, seek a lawyer for real advice on contracts, and your instructor may have some insight on this too.

Jan 25, 2019 09:52 AM
Rainmaker
4,184,314
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

All signed contracts in writing are express rather than implied contracts.

Jan 25, 2019 11:13 AM
Rainmaker
1,961,595
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

 Good luck with your studies.

Jan 26, 2019 06:23 AM
Ambassador
4,314,559
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Express = written vs. implied, which is not a Contract in either of my states (NC or SC).

Jan 25, 2019 07:08 PM
Ambassador
1,767,616
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

The problems tend to lie in "Implied contracts".  That becomes a "He said. She said" scenario.  "Express contracts" are in writing and need to be specific as to the terms and conditions. 

Jan 25, 2019 03:33 PM
Rainmaker
549,240
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

This is a question that should have been or to be explained to you by your instructor.

Jan 25, 2019 02:13 PM
Rainmaker
930,088
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I am assuming the answer is in you studies.

I know it is not an Implied Contract.

Jan 25, 2019 01:12 PM
Rainmaker
1,394,969
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Plenty of good answers here

Jan 25, 2019 01:03 PM
Rainmaker
4,095,121
Richard Weeks
Dallas, TX
REALTOR®, Broker

Those that are in writing 

Jan 25, 2019 12:22 PM
Rainmaker
6,680,138
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Take a look at the contract used in your area.

Jan 25, 2019 11:52 AM
Rainmaker
5,656,055
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I think you have answers here, and I wish you good luck.  A

Jan 25, 2019 11:10 AM
Rainmaker
1,597,830
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

No idea

Jun 23, 2019 08:38 PM
Rainmaker
5,003,730
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Good luck with your studies.

Jan 30, 2019 06:56 AM
Rainmaker
3,985,928
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I see you got some good examples

Jan 26, 2019 08:45 PM
Ambassador
3,083,213
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your studies. 

Jan 26, 2019 08:53 AM
Rainmaker
4,799,601
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I am curious as to what the purpose of asking questions in this forum serves for your real estate course?

Jan 26, 2019 06:43 AM
Rainmaker
4,271,678
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Beginning to think you need to check your state statutes. And, suggest your instructor do the same.

Jan 26, 2019 04:57 AM
Rainmaker
4,433,753
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Others have answered

Jan 25, 2019 02:58 PM