Contracts
A Massachusetts buyer's offer contains an 'escalation clause' providing they will beat any competing offer by $5,000 up to a maximum of $650,000. If the seller receives another bona fide offer of $630,000, what does the escalation clause produce?
A$635,000✓ Correct
B$650,000
C$630,000
D$640,000
Explanation
The escalation clause beats the competing offer by $5,000: $630,000 + $5,000 = $635,000. This is below the $650,000 cap, so the buyer's offer becomes $635,000.
Related Massachusetts Contracts Questions
- Under Massachusetts law, a real estate listing contract is between:
- In Massachusetts, a real estate contract signed under duress (one party was threatened or coerced into signing) is:
- A Massachusetts seller who 'warrants' title in the deed assumes greater liability than a seller who gives only a 'quitclaim.' The warranty deed seller is exposed to liability for:
- Which type of listing agreement gives only one broker the right to sell, but the seller retains the right to sell personally without paying a commission?
- An 'as-is' clause in a Massachusetts purchase and sale agreement means:
- A Massachusetts homeowner wants to convey their property to their child for $1. The deed is valid even with nominal consideration because:
- In Massachusetts, a broker who takes a listing on a property they know is in foreclosure should:
- A Massachusetts landlord files a summary process (eviction) action in Housing Court. To prevail, the landlord must prove:
Practice More Massachusetts Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Massachusetts Quiz →