MilesToPass
Choose your exam
  1. Home /
  2. Glossary /
  3. Sales contract

Exam term

Sales contract

A contract that ordinarily exchanges the seller's promise to convey title for the buyer's promise to pay, stating parties, property, price, payment terms, contingencies, closing arrangements and default provisions.

Lessons that use this term

  • The sales contract, binders, purchase offers, installment contracts, and options New York

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

Study help

  • How it works
  • Glossary

MilesToPass

  • Contact us
  • Terms
  • Privacy

© 2026 MilesToPass

Sign in