Contracts
When a seller receives multiple offers simultaneously in Georgia, the seller may:
AA. Accept one offer and automatically void the others
BB. Review all offers, accept one, counter others, or reject all — acting within the terms of each offer's acceptance deadline✓ Correct
CC. Only respond to the highest priced offer
DD. Be required to accept the first offer received
Explanation
A seller receiving multiple offers may accept one, counter one or more, reject all, or any combination within the time allowed by each offer. Georgia law does not require sellers to act in any particular order or accept any offer.
Related Georgia Contracts Questions
- Specific performance is a remedy in real estate where the court orders:
- A purchase agreement for real property is an executory contract meaning:
- A real estate contract that is 'void' means:
- Under Georgia law, a contract signed under duress is:
- Earnest money in a Georgia real estate transaction is typically held by:
- In the GAR Purchase and Sale Agreement, which party selects the closing attorney?
- In a Georgia real estate contract, earnest money is typically held by:
- An installment land contract (contract for deed) in Georgia transfers:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →