Contracts
Land Contract
A concise definition for the California Real Estate Exam study guide.
Definition
In an installment land contract, the seller finances the purchase and retains legal title until the buyer completes the payments. The buyer usually receives possession and equitable title before legal title.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 3: Contracts, Offers, Contingencies & Remedies →