Contracts
In Iowa, what is the typical remedy when a seller breaches a real estate contract by refusing to sell?
AThe buyer can only recover the earnest money
BThe buyer may sue for specific performance or money damages✓ Correct
CThe broker must return the commission
DThe Iowa Real Estate Commission intervenes
Explanation
When a seller breaches a real estate contract, the buyer may sue for specific performance (court order compelling the sale) because real estate is unique, or may seek money damages for losses suffered.
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