Question

Mr. and Mrs. Cox make Mr. and Mrs. Green an offer on their home, but they have not heard back from them on whether or not the offer has been accepted. In the meantime, they have found another home they would like to purchase instead. What is their best option?

Accepted Answer

Withdraw their offer with no penalty.

Answer

Withdraw their offer with penalty.

Answer

Wait for Mr. and Mrs. Green's response. If they accept the offer, pay the withdraw fee outlined in the contract.

Answer

Modify their offer to one they are confident Mr. and Mrs. Green will not accept.

Question 3 - Contracts Practice Test for the Real Estate License Exam