Contracts
A buyer submits an offer on a property. Before the seller signs the acceptance, the buyer withdraws the offer. The result is:
AThe seller can still accept and bind the buyer
BThe buyer may withdraw the offer at any time before acceptance and is not bound✓ Correct
CThe buyer forfeits the deposit
DThe broker may hold the buyer liable for commission
Explanation
An offer may be revoked by the offeror at any time before it is accepted. Once the seller signs acceptance and it is communicated to the buyer, a binding contract is formed.
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