Massachusetts Real Estate Salesperson Exam — All Questions

A contract signed by a 16-year-old minor to purchase real estate is generally:

• a.Void from the start
• b.Voidable by the minor✓
• c.Fully enforceable against the minor
• d.Automatically enforceable after 30 days

Contracts with a minor are generally voidable at the minor's option because minors lack full contractual capacity. The minor may disaffirm the contract. A void contract, by contrast, has no legal effect from the outset for either party.

A remedy that compels a defaulting seller to actually convey the specific property, because real estate is considered unique, is called:

• a.Liquidated damages
• b.Rescission
• c.Reformation
• d.Specific performance✓

Specific performance is an equitable remedy compelling a party to perform the contract, often used in real estate because each parcel is considered unique and money damages may be inadequate. A buyer may seek it when a seller wrongfully refuses to close.