Question
The seller has entered into an exclusive right to sell agreement with Terry Hill. Ms. Hill presents the seller with an offer to purchase which
The seller has entered into an exclusive right to sell agreement with Terry Hill. Ms. Hill presents the seller with an offer to purchase which is 20% less than the list price. Which of the following.
A. The seller is obligated to pay Ms. Hill a commission or the offer price if the seller rejects the offer.
B. The seller is under no obligation to accept the offer or make a counteroffer.
C. The seller has 72 hours to submit a counteroffer or else the offer is considered to be accepted.
D. The seller is obligated to make a counteroffer to the buyer if the offer is unacceptable.
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