Arizona Real Estate License Practice Exam 2026 – All-in-One Resource to Pass with Confidence!

In the context of real estate transactions, a signed contract that has not yet led to the transfer of title is referred to as "executory." An executory contract is one in which there are still actions required to fulfill the terms of the agreement. In this case, although both parties have agreed to the terms and have signed the contract, the actual performance—specifically, the transfer of title—has not yet occurred.

In contrast, an executed contract is one that has been fully performed, meaning all terms have been fulfilled and title has passed. Therefore, since the title transfer is pending, the contract is in an executory state. Other terms such as "recorded" pertain to the filing of documents with a government entity, and "estopped" refers to legal principles preventing a party from taking a different position once some action has been taken. Neither of these options accurately describes the status of the contract in question, which is why "executory" is the precise term to use in this scenario.