New Jersey Real Estate License Exam Practice Question
Once an offer to purchase is presented to a seller, the
Correct Answer: C
Rationale: Once an offer to purchase is presented to a seller, it can be withdrawn at any time before the seller accepts it, making option C accurate. This reflects the principle that an offer remains open until accepted or revoked.
Option A is incorrect because the buyer is not bound until acceptance occurs; they can withdraw their offer anytime prior.
Option B is misleading, as the property remains available to other prospects until the seller accepts the offer.
Option D is also false; the seller can consider other offers until they formally accept one, ensuring they have the best options available.
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