Contracts
A NC offer that includes an 'escalation clause' means:
AThe offer price automatically escalates each day
BThe buyer agrees to offer a specified amount above any competing offer up to a maximum price✓ Correct
CThe seller's asking price escalates during multiple offer situations
DThe commission escalates with the sale price
Explanation
An escalation clause allows the buyer to automatically increase their offer by a specified increment above competing offers, up to a defined maximum — used in competitive market situations.
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