Illinois Real Estate Exam Practice Question
The seller has changed many of the terms in the offer that was presented for the sale of a house. This would be described as
Correct Answer: C
Rationale: When a seller alters the terms of an offer, it constitutes a counteroffer, which effectively cancels the original offer. This means that the original proposal is no longer valid, and the buyer must now consider the new terms.
Option A, "an amended offer," suggests modifications to the original without canceling it, which is inaccurate in this context. Option B, "a conditional acceptance," implies acceptance of the original offer with conditions, which is not the case here. Option D incorrectly indicates that the original offer remains valid alongside the counteroffer, which contradicts the nature of a counteroffer.
Unlock All Questions
Subscribe to Premium for full access to all practice questions, detailed rationales, and performance tracking.
Subscribe Now