Contracts
A seller in Iowa receives two offers simultaneously. The seller may legally:
AAccept both offers simultaneously
BAccept one offer and notify the other buyer their offer was not accepted; or counter both, disclosing multiple offer situations✓ Correct
CRequire both buyers to increase their offers before responding
DOnly present one offer to the broker
Explanation
Iowa sellers who receive multiple offers may accept the most favorable offer, counter one or both offers (typically disclosing the multiple offer situation), or reject all offers. They cannot accept multiple offers to create binding contracts on the same property simultaneously.
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