Question: Question & Explain Why A broker has listed a property for $225,000. An offer of $210,000 contingent upon inspection comes in the first week and

Question & Explain Why

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.

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