California Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Practice this question and more.

If a seller changes their mind about selling their property after an agreement is made, the buyer can file for?

Termination of the agreement
Specific performance
Monetary damages
Mediation

The correct answer is: Specific performance

If a seller changes their mind about selling their property after an agreement is made, the buyer can file for specific performance. Option A is incorrect because termination of the agreement means the contract would be ended and the buyer would not be able to purchase the property. Option C is incorrect because monetary damages would only be awarded if the buyer has suffered financial losses due to the seller's change of mind, rather than allowing them to purchase the property as originally agreed. Option D is incorrect because mediation is a method of dispute resolution, and it would not necessarily result in the buyer being able to purchase the property.