Contracts
In South Carolina, the due diligence period in a real estate contract allows the buyer to:
ANegotiate a lower price after closing
BInspect the property and terminate without penalty if unsatisfied✓ Correct
CExtend the closing date indefinitely
DRequire the seller to make all requested repairs
Explanation
The due diligence period gives the buyer time to inspect and investigate the property. If the buyer is unsatisfied for any reason, they may terminate the contract within the due diligence period and receive their earnest money back.
Related South Carolina Contracts Questions
- Under South Carolina's Statute of Frauds, which of the following DOES NOT need to be in writing to be enforceable?
- In South Carolina, a 'home sale contingency' in a purchase contract means:
- In South Carolina, which clause in a purchase contract allows a buyer to withdraw if they cannot obtain financing?
- In South Carolina, a contract for the sale of real estate that was entered into through fraud or misrepresentation is:
- Under South Carolina law, a minor (under 18) who signs a real estate contract has the right to:
- The South Carolina Residential Property Condition Disclosure Statement is required to be provided by:
- A South Carolina buyer submits an offer with a 48-hour acceptance deadline. If the seller does not respond within 48 hours, the offer:
- What is the legal effect of an addendum to a South Carolina real estate contract?
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →