Specific performance

National Real Estate Exam Glossary

An equitable remedy compelling a breaching party to perform the contract as agreed rather than merely pay damages. Because each parcel of land is legally regarded as unique, money is often deemed inadequate, making specific performance a characteristic remedy for the breach of a real estate purchase contract.

Sign up free — get all 196 National Real Estate Exam terms, flashcards & rank tracking →

More National Real Estate Exam terms

KomFi: Test Prep Made Easy

KomFi: Test Prep Made Easy — free adaptive practice for GMAT, GRE, SAT, ACT, National Real Estate Exam, Investment Banking, and finance with full explanations.

KomFi Academy is free GMAT prep and personalized GMAT help built as a training platform: 92,240+ practice questions, 30,500+ flashcards, on-demand video lectures, podcasts, and 4K slide decks. Flagship tracks: Free GMAT Prep, Free GMAT Resources, National Real Estate Exam Prep, Investment Banking Prep, Finance Prep, GRE, SAT, ACT, LSAT, MCAT, Financial Accounting, Private Equity, Private Credit, and Quantitative Finance.

Free GMAT Prep & Personalized GMAT Help

What's inside

Topics

View pricing · Read testimonials