California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready to ace your exam!

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A corporation listed a property with a broker, and subsequently the entire slate of officers were killed in a plane crash. The listing is:

invalid
valid
void
voidable

The correct answer is: invalid

This is due to the fact that a corporation is a legal entity that exists separately from its owners and officers. A plane crash resulting in the death of all officers would effectively render the corporation unable to fulfill its obligations, including the listing agreement with the broker. Therefore, the listing would be deemed invalid in this situation. Option B, valid, would be incorrect because the corporation is no longer able to fulfill the listing agreement. Options C and D, void and voidable, respectively, would also be incorrect as they would imply that the listing agreement could potentially still be enforceable. However, in this case, it would not be possible for the corporation to fulfill the agreement.