California Real Estate Practice Exam

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

Master the California Real Estate Exam with our comprehensive practice quiz. Get expert tips, detailed content review, and insider strategies to pass on your first try.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What type of contract is formed when one party agrees to sell another party property for a certain amount of money and the agreement is in writing?

Implied bilateral
Express unilateral
Tacit unilateral
Express bilateral

The correct answer is: Express bilateral

A This option is incorrect because an implied bilateral contract does not involve a written agreement, rather, the contract is formed through actions of both parties. B: This option is incorrect because an express unilateral contract is one where only one party makes a promise and the other party performs an act in exchange, there is no property sale involved. C: This option is incorrect because a tacit unilateral contract is based on the actions and behavior of the parties, rather than a written agreement. D: This is the correct answer because an express bilateral contract involves both parties agreeing to certain terms in writing, making it the most suitable option for the scenario described.