8. Which of the following is an accurate statement regarding how adjustments to the purchase price can offset an issue discovered about a property prior to the completion of a transaction?

a. A seller is contractually obligated to negotiate an adjusted purchase price if the buyer discovers an issue prior to the completion of the transaction.

b. The agreement of purchase and sale details the terms and formula to determine a price adjustment if an issue is discovered by the buyer.

c. If an issue is discovered by a buyer prior to the completion of a transaction, the adjusted purchase price is decided by the buyers' and sellers' brokerages.

d. If an issue is discovered by a buyer prior to the completion of the transaction, a formal appraisal could be required to determine the impact on value.