Contracts
A seller who accepts a backup offer while under contract with a buyer should:
AImmediately terminate the first contract to accept the better offer
BKeep the backup offer as a secondary contract, which would only become binding if the first contract is properly terminated✓ Correct
CNotify IDFPR of the multiple offers
DRecord both contracts with the county recorder
Explanation
A seller may accept a backup offer as a secondary contract that only becomes binding if the primary contract is properly terminated (for example, if the primary buyer's contingency is not met and the contract is cancelled). The backup contract remains in contingency status until the primary contract is terminated.
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