California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready to ace your exam!

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A buyer offers to perform on his purchase contract. This is known as a:

condition
covenant
surrender
tender

The correct answer is: condition

The correct answer is "tender." In the context of real estate transactions, when a buyer offers to perform on a purchase contract, they are essentially making a formal offer to fulfill their obligations as stated in the contract, such as providing payment or meeting other conditions laid out in the agreement. This act of presenting themselves to fulfill the contractual obligations is referred to as "tender." A condition generally refers to a specific requirement that must be met for the contract to be valid or in effect. A covenant refers to a promise in a contract to perform a certain action or to refrain from doing something. Surrender typically means to give up or relinquish a right or property, which does not align with the act of fulfilling a contract. Therefore, 'tender' is the term that accurately describes the buyer's action of offering to perform on the purchase contract.