Virginia State Real Estate Exam Practice Question
A licensee listed a property that had an unfinished garage... Was a contractual obligation created?
Correct Answer: C
Rationale: In this scenario, a contractual obligation is not established until the seller accepts the buyer's offer. Option A is incorrect because merely listing a property does not constitute an agreement; both parties must consent to the terms. Option B is also wrong, as a definite offer alone does not create a contract without acceptance from the seller. Option D misinterprets contract law; while some contracts must be in writing, this does not apply to all agreements. Therefore, without the seller's acceptance, no contractual obligation exists.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now