Tennessee Real Estate Exam Practice Question
The seller has changed the price and closing date originally presented by a buyer and submits this back for the buyer's acceptance. This is best described as
Correct Answer: C
Rationale: When a seller changes the price and closing date of an offer and submits it back to the buyer, it constitutes a counteroffer. This action effectively cancels the original offer, as the terms have been altered, requiring the buyer to accept the new conditions.
Option A, an amended offer, implies the original offer remains intact, which is incorrect here. Option B, a conditional acceptance, suggests acceptance of the original terms with modifications, but the seller's changes negate the original offer. Option D incorrectly states that the original offer continues alongside the counteroffer, which is not the case; only one offer can be active at a time.
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