Contracts
A buyer in Oklahoma who receives the property condition disclosure and then makes an offer has:
AWaived all rights regarding property condition
BAcknowledged receipt of the disclosure; this becomes part of the contract and the buyer may still negotiate based on inspection findings✓ Correct
CLost the right to conduct an inspection
DAccepted all disclosed conditions without recourse
Explanation
Receiving the disclosure does not waive the buyer's rights to inspect the property or negotiate based on inspection results. The disclosure informs the buyer of the seller's known conditions, but the buyer may still discover additional issues through independent inspection.
Related Oklahoma Contracts Questions
- Oklahoma's 'as-is' clause means the buyer accepts the property in its current condition. However, the buyer typically retains the right to:
- Specific performance is a legal remedy in real estate contracts that means:
- An Oklahoma purchase contract includes an inspection contingency that expires in 10 days. On day 9, the buyer's inspector finds foundation issues. The buyer requests repairs; the seller refuses. The buyer can:
- Which element is NOT required for a valid real estate contract in Oklahoma?
- The doctrine of equitable conversion in real estate means that after a valid purchase contract is signed:
- In a real estate contract, 'time is of the essence' means:
- Liquidated damages in a purchase contract refer to:
- A counteroffer in a real estate transaction legally:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →