Alabama Real Estate Practice Exam

When a contract is executed, it means that the terms and conditions of the contract have been fully fulfilled. This means that all parties involved have completed their obligations as outlined in the contract and it has been successfully carried out. This is different from option A, which states that the contract has been signed but not yet fulfilled. Option C, the contract being terminated, means that the agreement has been ended before being fulfilled. Option D, pending legal review, means that the contract is still being reviewed and has not been finalized or put into action yet.