Contracts
If a buyer defaults on a purchase contract, the seller's typical remedies include:
ASuing the buyer's agent for damages
BRetaining the earnest money and/or suing for specific performance✓ Correct
CAutomatically relisting the property at a higher price
DFiling a complaint with KREC
Explanation
When a buyer defaults, the seller may retain the earnest money as liquidated damages (if specified in the contract) and/or sue for specific performance or other damages.
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