Contracts
In a Texas buyer's offer, consideration for the contract is provided by:
AThe seller's deed only
BThe buyer's promise to pay the purchase price (and the earnest money as partial performance)✓ Correct
CThe agent's commission
DThe escrow deposit only
Explanation
Consideration in a real estate contract is the buyer's promise to pay the purchase price (a benefit to the seller) in exchange for the seller's promise to convey title. Earnest money is additional evidence of the buyer's commitment.
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