Contracts (alternative)
A Maryland buyer presents a full-price, cash offer with no contingencies. The seller is legally required to:
AAccept the offer
BConsider it in good faith but may still reject it✓ Correct
CRespond within 24 hours or the offer expires
DAccept it only if no other offers are pending
Explanation
Sellers are never legally required to accept any offer, even a full-price cash offer with no contingencies. The listing is an invitation to offer, not an obligation to sell.
Related Maryland Contracts (alternative) Questions
- A Maryland buyer includes a home sale contingency in an offer. This means the contract is contingent upon:
- In Maryland, when a real estate contract is 'assigned,' the original buyer who assigns their rights remains liable unless:
- In Maryland, a novation in a real estate contract occurs when:
- Maryland's Residential Property Disclosure is NOT required for which of the following transactions?
- A Maryland buyer's agent who submits an offer electronically has satisfied the contract's requirement for a written agreement if:
- In Maryland, a purchase contract that requires the buyer to use a specific title company is:
- In Maryland, earnest money in a real estate contract is typically held by:
- Under the Maryland Statute of Frauds, which contract must be in writing to be enforceable?
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