Contracts
A Maryland seller discovers after signing a contract that the buyer has a history of defaulting on real estate contracts. The seller may:
AImmediately void the contract without consequence
BOnly request additional earnest money through negotiation or proceed as contracted, consulting an attorney✓ Correct
CSue the buyer's agent for failure to disclose
DCancel the contract with MREC approval
Explanation
Once a contract is ratified, both parties are bound. The seller should consult a real estate attorney about options, but generally cannot unilaterally cancel based on the buyer's past behavior.
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