Contracts
Which of the following constitutes 'consideration' in a real estate contract?
AThe agent's promise to market the property
BThe buyer's promise to pay and the seller's promise to convey title✓ Correct
CThe broker's commission
DThe lender's commitment letter
Explanation
In a real estate contract, consideration is the mutual exchange of promises: the buyer's promise to pay the purchase price and the seller's promise to transfer title.
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