Contracts
In New York, a seller who receives two simultaneous offers on their property may:
AOnly accept one offer; the other automatically expires
BAccept one, reject the other, counter both, or disclose the multiple offer situation and ask all buyers to submit their best and final offers✓ Correct
CAccept both offers and then choose the buyer they prefer
DHold an auction between the two buyers only if they both consent
Explanation
When a New York seller receives multiple simultaneous offers, they may: accept one and reject the other(s); reject all and counter one or more; or disclose the existence of multiple offers to all parties and request best-and-final offers. The seller's agent should advise the seller of all offers promptly and let the seller decide how to handle them.
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