California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

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Broker A agrees to keep details of Seller B's property but will not actively market it. This agreement is best described as

Express bilateral
Express unilateral
Implied bilateral
Implied unilateral

The correct answer is: Express unilateral

This agreement is best described as an express unilateral agreement because Broker A has made a promise to Seller B to not actively market the property, which creates a legally binding contract. The other options, implied bilateral and implied unilateral, do not accurately describe the situation as they imply that there was no explicit agreement between the two parties. Express bilateral refers to an agreement where both parties make promises to each other, which is not the case in this scenario.