Contracts
Iowa's residential purchase offer typically expires after how long if not accepted by the seller?
A1 business day by law
BThe deadline specified in the offer itself, commonly 24-72 hours✓ Correct
C30 days by Iowa statute
DOne week unless the buyer extends
Explanation
Iowa purchase offers expire at the deadline specified in the offer form. Iowa law does not set a specific statutory offer expiration period; the offer itself specifies how long it remains open. Common offer deadlines are 24 to 72 hours, though any timeframe may be specified.
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