Albert's Mother Signed a Three-Month Listing Agreement with a Real

question 47

Multiple Choice

Albert's mother signed a three-month listing agreement with a real estate agent.Prior to considering or accepting either of two below-listing-price offers the agent brought to Albert's mother,she suffered a fatal stroke.What would a judge likely decide if the agent and/or the offerees attempt to legally force the mother's estate to accept one of the offers?

• A) that someone who makes an offer and then dies would not be bound
• B) that the death increased the chance of one of the offers being accepted
• C) that the deceased party cannot personally perform,hence her offer also died
• D) that the estate is obligated to complete the sale by accepting one of the offers

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Definitions:

Fixed Fee

A predetermined fee paid to a lawyer for completing a specific task.

Hourly Rate

A method of compensation based on the number of hours worked, typically used for freelance or temporary jobs.

Contingency Fee

A fee paid to a lawyer that is based on a percentage of the sum recovered by the client.

Contingency Fee Agreements

Contracts between lawyers and their clients where fees are only owed if the lawsuit is won, typically as a percentage of the recovery.