Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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What happens to an offer when the seller makes a counteroffer?

  1. It is permanently binding

  2. The original offer is reinforced

  3. The counteroffer is binding on the seller

  4. It becomes a formal agreement

The correct answer is: The counteroffer is binding on the seller

When a seller makes a counteroffer, they are rejecting the original offer and initiating a new one. This means that the original offer is no longer valid and cannot be accepted. Therefore, the counteroffer is now the only valid offer on the table and can be accepted or rejected by the buyer. Options A and D are incorrect because the counteroffer nullifies the original offer and does not create a permanent or formal agreement. Similarly, option B is incorrect because the seller is no longer bound by the original offer once they make a counteroffer.

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