California Real Estate Practice Exam

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What happens to the listing agreement if the state takes the property by eminent domain?

  1. The agreement continues

  2. It is terminated

  3. It is paused

  4. The listing period is extended

The correct answer is: It is terminated

If the state takes the property by eminent domain, the listing agreement is terminated. This means that the contract between the seller and their real estate agent is no longer valid and has been canceled. Options A and D are incorrect because the agreement does not continue or get extended in this scenario. Option C is also incorrect because the agreement does not just pause temporarily, but rather, it ends entirely.

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