Contracts
A 'seller's market' typically creates which contract dynamic?
ABuyers can include more contingencies and negotiate lower prices
BSellers may receive multiple offers, and buyers may waive contingencies to be competitive✓ Correct
CBrokers are required to reduce their commission rates
DCalifornia law requires sellers to accept the highest offer
Explanation
In a seller's market, demand exceeds supply, giving sellers leverage. Buyers often compete by waiving contingencies, increasing earnest money, or offering above asking price. California law never requires a seller to accept any specific offer.
Related California Contracts Questions
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