Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period, and

A seller has listed a home with a broker for $112,000. The seller is leaving for a 45-day cruise midway through the listing period, and authorizes the broker through a limited power of attorney to accept any offer of all cash at a price of $108,000 or more pending his return. The broker receives an offer for $110,000 all cash. The broker

a. must forward the offer to the seller's attorney for consideration

b. may not accept the offer until the seller returns

c. may sign a deed of conveyance if the seller does not return on time.

d. may accept the offer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Commodity Economics And Finance

Authors: Daniel P. Ahn

1st Edition

0262038374, 9780262038379

More Books

Students also viewed these Finance questions

Question

What is an invoice? What purpose does it serve?

Answered: 1 week ago

Question

Under what circumstances do your customers write complaint letters?

Answered: 1 week ago