Contracts
In Maryland, when a seller counters a buyer's offer, the original offer is:
AStill valid until the buyer responds
BTerminated; the counter-offer is a new offer✓ Correct
CHeld in escrow by the listing broker
DAutomatically extended by 48 hours
Explanation
A counter-offer rejects the original offer and substitutes a new offer; the original offer is no longer valid.
Related Maryland Contracts Questions
- Under Maryland law, which of the following is required for a real estate contract to be enforceable under the Statute of Frauds?
- An open listing in Maryland allows the seller to:
- An exclusive right-to-sell listing in Maryland means:
- A Maryland buyer submits an offer with an earnest money deposit check. Before the seller accepts, the buyer calls to withdraw the offer. The earnest money check:
- In Maryland, a real estate sales contract is legally enforceable if it meets which basic requirements?
- In Maryland, the Maryland Residential Property Disclosure and Disclaimer Statement must be provided to buyers of residential property:
- What is an 'as-is' addendum in a Maryland sales contract?
- A Maryland buyer includes a home inspection contingency. If the inspection reveals significant defects, the buyer may:
Practice More Maryland Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Maryland Quiz →