If the RPA (as fully signed and initialed by all parties) does not list (in Section 8)
Question:
If the RPA (as fully signed and initialed by all parties) does not list (in Section 8) a fixture as an item excluded from sale, which of the following is true?
a. The seller may remove the fixture, as long as the seller can show proof of purchase/payment for the fixture and also as long as the seller removes it without serious damage to the property.
b. The seller may remove the fixture, as long as the Residential Listing Agreement and the MLS listing both specified the seller’s intent to remove and retain the fixture at the close of escrow.
c. The seller may remove the fixture, as long as the seller compensates the buyer for its value and repairs any damage to the property for its removal.
d. The seller must leave the fixture in place, unless the seller can persuade the buyer to allow its removal, which may require additional compensation to the buyer.
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen