Question 1 & Explain Please

A broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and the seller accepts it. Another offer of $205,000 comes in the second week. The seller accepts it as a secondary offer contingent upon the termination of the first offer. The first offeror demands the seller spend $5,000 in repairs before going through with the purchase. The seller may do all of the following EXCEPT

A - agree to do the needed repairs and consummate the transaction with the first offeror.

B - ignore the demand and sell the property to the second offeror.

C - terminate the first agreement in writing and sell to the second offeror.

D - refuse to do the repairs and still proceed with the sale in as is condition.

Question 2 & Explain Please

A potential buyer for one of a broker's listings is particularly concerned with the danger of fooding since she is moving from an area that recently had severe flood damage. What action should the listing broker take to

reduce this buyer's concern?

A - Advise her that homeowner's insurance covers flood damage, so she does not need to worry.

B - Tell her not to worry because any lender will require flood insurance for a property in a flood plain

C - Recommend that she consult the online information on the National Flood Insurance Program for maps and the availability of flood insurance.

D - Inform her that the seller's property disclosure does not reveal any flooding problem. Il she does suffer flood damage later, the seller will be responsible.