Virginia State Real Estate Exam Practice Question
Which action would NOT help the buyer recover losses after seller breach?
Correct Answer: B
Rationale: Option B, filing a complaint with the Real Estate Commission, would not directly assist the buyer in recovering losses from a seller's breach. This action primarily addresses regulatory issues rather than compensatory recovery.
Option A, suing for specific performance, seeks to compel the seller to fulfill their contractual obligations, potentially recovering losses by ensuring the transaction proceeds as intended.
Option C, canceling the contract and recovering earnest money, allows the buyer to reclaim funds directly tied to the breach, providing immediate financial relief.
Option D, bringing an action for compensatory damages, aims to recover financial losses incurred due to the breach, addressing the buyer's economic harm effectively.
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