What could make a listing contract voidable?

Prepare for the Oklahoma Broker Exam. Dive into flashcards and multiple choice questions with detailed hints and explanations. Ace your exam!

A listing contract can be rendered voidable in specific circumstances, meaning that one party has the right to withdraw from the agreement due to certain factors. In this context, if a joint tenant is unaware of the sale, it raises significant legal issues regarding the validity of the contract. Joint tenants share equal rights over the property, and one tenant typically cannot sell or encumber the property without the consent of the other tenants. If one joint tenant is unaware of the sale, it could indicate that proper agreement procedures were not followed, thus providing grounds for that tenant to challenge or void the contract.

This scenario highlights the principle of joint ownership, where all owners must agree to the terms affecting their shared property. If their consent hasn't been obtained or if they were not informed of the sale, the legitimacy of the listing contract could be called into question, making it voidable.

In contrast, changing the price by the owner does not void the contract itself, as the owner can typically negotiate terms. Similarly, if a buyer withdraws their offer, it is an action taken by the buyer and does not affect the validity of the listing contract between the agent and the owner. Finally, the age of the owner would generally be significant if they were a minor; however,

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy