Which situation typically results in a voided contract due to state law?

A contract for selling property without a license is typically voided due to state law because real estate transactions are highly regulated to protect consumers and maintain a standard of professionalism in the industry. In Oklahoma, as in many states, an individual or entity must have a valid real estate license to engage in activities related to the sale of property. When a contract is formed by an unlicensed party, it violates state regulations, rendering the contract void and unenforceable.

This principle exists to ensure that all parties involved in real estate transactions are adequately trained and adhere to legal standards, protecting consumers from unethical practices and potential fraud. As such, without the required license, the contract has no legal standing, and the state will not allow any legal recourse under it, effectively voiding the agreement.

In contrast, contracts for commercial, residential properties, or lease agreements do not carry the same immediate consequence of being void when executed by parties who are licensed but may have other legal stipulations or requirements.