Georgia Real Estate Salesperson Practice Exam

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If a seller attempts to sell a property they do not own, the sale contract is considered what?

Valid under certain conditions
Enforceable
Void
Legally binding with restrictions

The correct answer is: Void

When a seller attempts to sell a property they do not own, the sale contract is considered void. This is because a contract requires parties to have the legal capacity to enter into the agreement and ownership is a critical component in the sale of real estate. Since the seller does not have ownership rights to the property, they lack the necessary legal authority to convey those rights to a buyer. Without ownership, any agreement made to sell the property cannot be legally enforced in a court of law, rendering the contract void from the outset. It is essential for both parties in a real estate transaction to ensure that the seller has the rightful ownership of the property to validate any sales agreement.