California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace your real estate career!

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What type of agreement did Broker A and Seller B have?

Expressed, unilateral, and void
Implied, bilaterial, and enforceable
Expressed, bilateral, and voidable
Implied, unilateral, and enforceable

The correct answer is: Expressed, unilateral, and void

Broker A and Seller B had an expressed, unilateral and void agreement. This means that both parties had directly made their intentions known and the contract was one-sided and not legally binding. This could have been caused by certain elements that established the contract to be void, such as the lack of consideration or capacity. The other options are incorrect because they do not include the mentioned elements or have different characteristics. Option B indicates that the contract was binding, but it was not implied and bilateral. Option C states that the agreement was expressed and bilateral, but it was not voidable. Finally, option D suggests that the contract was enforceable, but it was not implied and unilateral.