FLORIDA REAL ESTATE – Chapter 8 Questions – Contracts

#1. Buyer offers Monday 3PM, acceptance by Thursday 5PM. Seller signs Thursday 4PM but broker delivers Friday 10AM. Contract status?

Voidable contract buyer can ratify

Implied contract by seller signature

Valid contract when seller signed Thursday

No contract – acceptance not communicated before deadline

#2. Seller gets $350K offer on $375K listing. Crosses out price, writes $365K, initials, signs. What occurred?

Counteroffer which buyer may accept/reject

Both bound at $357,500 split

Original offer still valid

Acceptance with minor modification

#3. Transaction broker; buyer says privately would pay $425K but offers $400K. Seller asks if buyer can pay more. Broker must?

Maintain limited confidentiality, not disclose

Disclose – transaction brokers owe full disclosure

Transition to single agent first

Disclose only with written authorization

#4. Single agent for seller finds recurring roof leaks (not visible dry weather). Seller says don’t mention unless asked. Agent must?

Disclose only if buyer asks

Wait for buyer inspection

Disclose known material defect affecting value, not readily observable

Follow seller instructions – loyalty duty

#5. Oral agreement for commercial property $850K, ‘will write it next week’. One refuses. Enforceability?

Enforceable if witnesses exist

Voidable within 30 days

Enforceable – both agreed to terms

Unenforceable – real property sales need writing (Statute of Frauds)

#6. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Seller must extend 15 days

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

#7. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Must accept – defects found

Can refuse – notice not timely

Auto-extends

#8. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Half commission

Nothing – expired before close

Nothing – seller found buyer

#9. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose timeline only

#10. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

Terminate, pay 2 months penalty

#11. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Seller must extend 15 days

#12. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Must accept – defects found

Can refuse – notice not timely

Auto-extends

#13. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Half commission

Nothing – expired before close

Nothing – seller found buyer

#14. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Transition to single agent for buyer

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

#15. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

#16. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Seller must extend 15 days

Void, deposit returned

#17. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Auto-extends

Buyer pays 10% liquidated damages

#18. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Half commission

Nothing – seller found buyer

Full commission per agreement

#19. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

#20. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Auto month-to-month on job transfer

#21. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

#22. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Auto-extends

Buyer pays 10% liquidated damages

#23. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Nothing – expired before close

Half commission

Nothing – seller found buyer

#24. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

Disclose timeline only

Transition to single agent for buyer

#25. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Auto month-to-month on job transfer

#26. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Seller must extend 15 days

#27. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Must accept – defects found

Buyer pays 10% liquidated damages

Can refuse – notice not timely

#28. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – seller found buyer

Full commission per agreement

Nothing – expired before close

Half commission

#29. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

Disclose timeline only

Transition to single agent for buyer

#30. Buyer offers Monday 3PM, acceptance by Thursday 5PM. Seller signs Thursday 4PM but broker delivers Friday 10AM. Contract status?

Voidable contract buyer can ratify

Implied contract by seller signature

Valid contract when seller signed Thursday

No contract – acceptance not communicated before deadline

#31. Seller gets $350K offer on $375K listing. Crosses out price, writes $365K, initials, signs. What occurred?

Counteroffer which buyer may accept/reject

Both bound at $357,500 split

Original offer still valid

Acceptance with minor modification

#32. Transaction broker; buyer says privately would pay $425K but offers $400K. Seller asks if buyer can pay more. Broker must?

Maintain limited confidentiality, not disclose

Disclose – transaction brokers owe full disclosure

Transition to single agent first

Disclose only with written authorization

#33. Single agent for seller finds recurring roof leaks (not visible dry weather). Seller says don’t mention unless asked. Agent must?

Disclose only if buyer asks

Wait for buyer inspection

Disclose known material defect affecting value, not readily observable

Follow seller instructions – loyalty duty

#34. Oral agreement for commercial property $850K, ‘will write it next week’. One refuses. Enforceability?

Enforceable if witnesses exist

Voidable within 30 days

Enforceable – both agreed to terms

Unenforceable – real property sales need writing (Statute of Frauds)

#35. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Seller must extend 15 days

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

#36. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Must accept – defects found

Can refuse – notice not timely

Auto-extends

#37. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Half commission

Nothing – expired before close

Nothing – seller found buyer

#38. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose timeline only

#39. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

Terminate, pay 2 months penalty

#40. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Seller must extend 15 days

#41. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Must accept – defects found

Can refuse – notice not timely

Auto-extends

#42. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Half commission

Nothing – expired before close

Nothing – seller found buyer

#43. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Transition to single agent for buyer

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

#44. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

#45. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Seller must extend 15 days

Void, deposit returned

#46. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Auto-extends

Buyer pays 10% liquidated damages

#47. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Half commission

Nothing – seller found buyer

Full commission per agreement

#48. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

#49. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Auto month-to-month on job transfer

#50. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

#51. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Auto-extends

Buyer pays 10% liquidated damages

#52. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Nothing – expired before close

Half commission

Nothing – seller found buyer

#53. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

Disclose timeline only

Transition to single agent for buyer

#54. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Auto month-to-month on job transfer

#55. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Seller must extend 15 days

#56. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Must accept – defects found

Buyer pays 10% liquidated damages

Can refuse – notice not timely

#57. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – seller found buyer

Full commission per agreement

Nothing – expired before close

Half commission

#58. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

Disclose timeline only

Transition to single agent for buyer

#59. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Terminate, pay 2 months penalty

Auto month-to-month on job transfer

#60. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

Void, deposit returned

#61. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Buyer pays 10% liquidated damages

Must accept – defects found

Auto-extends

#62. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Nothing – seller found buyer

Nothing – expired before close

Full commission per agreement

#63. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

Disclose timeline only

#64. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

#65. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Void, deposit returned

#66. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Buyer pays 10% liquidated damages

Auto-extends

Must accept – defects found

#67. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – seller found buyer

Full commission per agreement

Half commission

Nothing – expired before close

#68. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Disclose foreclosure as material fact

Disclose timeline only

Maintain limited confidentiality, don’t disclose

#69. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Can terminate with 30 days notice

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

#70. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

#71. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Buyer pays 10% liquidated damages

Auto-extends

#72. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – seller found buyer

Half commission

Full commission per agreement

Nothing – expired before close

#73. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose timeline only

#74. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

Can terminate with 30 days notice

#75. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

#76. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Buyer pays 10% liquidated damages

Can refuse – notice not timely

Must accept – defects found

#77. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – seller found buyer

Full commission per agreement

Nothing – expired before close

Half commission

#78. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

Disclose timeline only

Disclose foreclosure as material fact

#79. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Auto month-to-month on job transfer

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

#80. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Seller must extend 15 days

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

#81. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Must accept – defects found

Buyer pays 10% liquidated damages

Can refuse – notice not timely

#82. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Nothing – expired before close

Half commission

Nothing – seller found buyer

#83. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

Disclose timeline only

#84. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Auto month-to-month on job transfer

#85. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

Buyer can cancel – contingency failed

#86. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Auto-extends

Buyer pays 10% liquidated damages

#87. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Full commission per agreement

Nothing – seller found buyer

Half commission

#88. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Disclose foreclosure as material fact

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

#89. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Can terminate with 30 days notice

Terminate, pay 2 months penalty

Auto month-to-month on job transfer

Remains obligated through term unless landlord releases

#90. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Void, deposit returned

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

#91. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Must accept – defects found

Can refuse – notice not timely

Auto-extends

Buyer pays 10% liquidated damages

#92. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Full commission per agreement

Nothing – seller found buyer

Half commission

#93. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose foreclosure as material fact

#94. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

#95. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

Buyer can cancel – contingency failed

Void, deposit returned

#96. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Must accept – defects found

Can refuse – notice not timely

Buyer pays 10% liquidated damages

#97. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Nothing – expired before close

Full commission per agreement

Nothing – seller found buyer

#98. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose timeline only

Disclose foreclosure as material fact

#99. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Auto month-to-month on job transfer

#100. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Seller must extend 15 days

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

#101. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Can refuse – notice not timely

Must accept – defects found

Buyer pays 10% liquidated damages

#102. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Half commission

Full commission per agreement

Nothing – seller found buyer

#103. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

#104. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Terminate, pay 2 months penalty

Auto month-to-month on job transfer

#105. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

Void, deposit returned

#106. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Buyer pays 10% liquidated damages

Must accept – defects found

Can refuse – notice not timely

#107. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Full commission per agreement

Half commission

Nothing – seller found buyer

#108. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Disclose foreclosure as material fact

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

#109. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Can terminate with 30 days notice

#110. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

Seller must extend 15 days

#111. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Buyer pays 10% liquidated damages

Must accept – defects found

Can refuse – notice not timely

#112. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Nothing – seller found buyer

Full commission per agreement

Half commission

#113. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Disclose timeline only

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

#114. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Can terminate with 30 days notice

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

#115. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

Seller must extend 15 days

#116. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Can refuse – notice not timely

Must accept – defects found

Auto-extends

#117. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Full commission per agreement

Nothing – expired before close

Nothing – seller found buyer

#118. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Transition to single agent for buyer

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

#119. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Can terminate with 30 days notice

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

#120. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Seller must extend 15 days

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

#121. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Must accept – defects found

Buyer pays 10% liquidated damages

Can refuse – notice not timely

Auto-extends

#122. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Half commission

Nothing – expired before close

Nothing – seller found buyer

#123. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Transition to single agent for buyer

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

#124. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Can terminate with 30 days notice

#125. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

Void, deposit returned

#126. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Buyer pays 10% liquidated damages

Auto-extends

#127. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Nothing – seller found buyer

Nothing – expired before close

Half commission

#128. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Disclose foreclosure as material fact

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

#129. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

#130. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

Seller must extend 15 days

#131. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Buyer pays 10% liquidated damages

Must accept – defects found

Auto-extends

#132. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Nothing – expired before close

Nothing – seller found buyer

Full commission per agreement

#133. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose foreclosure as material fact

#134. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Can terminate with 30 days notice

Terminate, pay 2 months penalty

Auto month-to-month on job transfer

Remains obligated through term unless landlord releases

#135. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Seller must extend 15 days

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

#136. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Buyer pays 10% liquidated damages

Auto-extends

#137. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – seller found buyer

Half commission

Nothing – expired before close

Full commission per agreement

#138. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose timeline only

Disclose foreclosure as material fact

Transition to single agent for buyer

#139. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

#140. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

#141. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Must accept – defects found

Auto-extends

Can refuse – notice not timely

#142. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Half commission

Full commission per agreement

Nothing – seller found buyer

#143. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Disclose foreclosure as material fact

Disclose timeline only

Maintain limited confidentiality, don’t disclose

#144. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Auto month-to-month on job transfer

#145. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

#146. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Can refuse – notice not timely

Auto-extends

Must accept – defects found

#147. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Half commission

Nothing – expired before close

Nothing – seller found buyer

#148. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose foreclosure as material fact

Disclose timeline only

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

#149. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

Can terminate with 30 days notice

#150. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

Buyer can cancel – contingency failed

#151. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Auto-extends

Buyer pays 10% liquidated damages

#152. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Half commission

Nothing – seller found buyer

Nothing – expired before close

#153. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

#154. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

Can terminate with 30 days notice

Terminate, pay 2 months penalty

#155. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Seller must extend 15 days

Void, deposit returned

#156. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Buyer pays 10% liquidated damages

Can refuse – notice not timely

Must accept – defects found

#157. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – seller found buyer

Full commission per agreement

Half commission

Nothing – expired before close

#158. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

Disclose timeline only

Transition to single agent for buyer

#159. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Can terminate with 30 days notice

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

#160. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Seller must extend 15 days

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

#161. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Must accept – defects found

Buyer pays 10% liquidated damages

Can refuse – notice not timely

Auto-extends

#162. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Half commission

Nothing – seller found buyer

Full commission per agreement

#163. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

Disclose timeline only

Transition to single agent for buyer

#164. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Auto month-to-month on job transfer

#165. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Seller must extend 15 days

Void, deposit returned

Buyer breached good-faith duty, may forfeit deposit

#166. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Auto-extends

Must accept – defects found

Buyer pays 10% liquidated damages

#167. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Half commission

Full commission per agreement

Nothing – seller found buyer

#168. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose timeline only

Disclose foreclosure as material fact

#169. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Terminate, pay 2 months penalty

#170. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer can cancel – contingency failed

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

#171. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Auto-extends

Must accept – defects found

Buyer pays 10% liquidated damages

#172. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Full commission per agreement

Nothing – seller found buyer

Nothing – expired before close

#173. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Maintain limited confidentiality, don’t disclose

Disclose timeline only

Disclose foreclosure as material fact

#174. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

#175. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Seller must extend 15 days

Void, deposit returned

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

#176. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Can refuse – notice not timely

Must accept – defects found

Auto-extends

#177. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Full commission per agreement

Nothing – seller found buyer

Nothing – expired before close

#178. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Transition to single agent for buyer

Disclose timeline only

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

#179. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Can terminate with 30 days notice

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

#180. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Buyer breached good-faith duty, may forfeit deposit

Seller must extend 15 days

Buyer can cancel – contingency failed

Void, deposit returned

#181. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Buyer pays 10% liquidated damages

Auto-extends

Must accept – defects found

Can refuse – notice not timely

#182. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Nothing – seller found buyer

Full commission per agreement

Half commission

#183. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose foreclosure as material fact

Disclose timeline only

Transition to single agent for buyer

#184. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Can terminate with 30 days notice

Auto month-to-month on job transfer

Remains obligated through term unless landlord releases

Terminate, pay 2 months penalty

#185. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Seller must extend 15 days

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

#186. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Must accept – defects found

Can refuse – notice not timely

Buyer pays 10% liquidated damages

Auto-extends

#187. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Full commission per agreement

Nothing – seller found buyer

Half commission

Nothing – expired before close

#188. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Disclose timeline only

Disclose foreclosure as material fact

Transition to single agent for buyer

#189. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Terminate, pay 2 months penalty

Remains obligated through term unless landlord releases

Can terminate with 30 days notice

Auto month-to-month on job transfer

#190. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Void, deposit returned

Buyer can cancel – contingency failed

#191. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Buyer pays 10% liquidated damages

Must accept – defects found

Auto-extends

#192. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Nothing – expired before close

Nothing – seller found buyer

Full commission per agreement

Half commission

#193. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose foreclosure as material fact

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose timeline only

#194. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Terminate, pay 2 months penalty

Can terminate with 30 days notice

Auto month-to-month on job transfer

#195. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Void, deposit returned

Seller must extend 15 days

Buyer can cancel – contingency failed

Buyer breached good-faith duty, may forfeit deposit

#196. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Auto-extends

Can refuse – notice not timely

Must accept – defects found

Buyer pays 10% liquidated damages

#197. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Nothing – expired before close

Full commission per agreement

Nothing – seller found buyer

#198. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Disclose timeline only

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose foreclosure as material fact

#199. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Remains obligated through term unless landlord releases

Auto month-to-month on job transfer

Can terminate with 30 days notice

Terminate, pay 2 months penalty

#200. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

Seller must extend 15 days

Buyer breached good-faith duty, may forfeit deposit

Buyer can cancel – contingency failed

Void, deposit returned

#201. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

Can refuse – notice not timely

Must accept – defects found

Buyer pays 10% liquidated damages

Auto-extends

#202. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

Half commission

Nothing – expired before close

Full commission per agreement

Nothing – seller found buyer

#203. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

Maintain limited confidentiality, don’t disclose

Transition to single agent for buyer

Disclose timeline only

Disclose foreclosure as material fact

#204. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

Auto month-to-month on job transfer

Can terminate with 30 days notice

Remains obligated through term unless landlord releases

Terminate, pay 2 months penalty

#205. Analyzing if contract modification enforceable – most critical factor?

Benefits both equally

Was broker’s idea

Modification agreed per manner required by original contract

Both parties satisfied

#206. Analyzing if contingency satisfied – key inquiry?

Removing it benefits transaction

Both parties want to proceed

Objective conditions in contingency clause met

Timeline seems reasonable

#207. Determining if breach is material – most relevant factor?

Breach substantially impairs contract value to non-breaching party

Breaching party apologized

Money amount involved

First breach by that party

#208. Evaluating counteroffer – what must be analyzed first?

Counteroffer is reasonable

Price difference substantial

Counteroffer rejected original offer

Both still interested

#209. Determining which relationship to disclose – first step?

Ask broker opinion

Identify services to provide and to whom

Wait to see who requests

Which party pays more commission

#210. Analyzing if contract modification enforceable – most critical factor?

Was broker’s idea

Modification agreed per manner required by original contract

Both parties satisfied

Benefits both equally

#211. Analyzing if contingency satisfied – key inquiry?

Objective conditions in contingency clause met

Timeline seems reasonable

Removing it benefits transaction

Both parties want to proceed

#212. Determining if breach is material – most relevant factor?

Money amount involved

First breach by that party

Breach substantially impairs contract value to non-breaching party

Breaching party apologized

#213. Evaluating counteroffer – what must be analyzed first?

Counteroffer is reasonable

Both still interested

Price difference substantial

Counteroffer rejected original offer

#214. Determining which relationship to disclose – first step?

Ask broker opinion

Which party pays more commission

Identify services to provide and to whom

Wait to see who requests

#215. Analyzing if contract modification enforceable – most critical factor?

Was broker’s idea

Modification agreed per manner required by original contract

Benefits both equally

Both parties satisfied

#216. Analyzing if contingency satisfied – key inquiry?

Removing it benefits transaction

Both parties want to proceed

Objective conditions in contingency clause met

Timeline seems reasonable

#217. Determining if breach is material – most relevant factor?

First breach by that party

Breaching party apologized

Breach substantially impairs contract value to non-breaching party

Money amount involved

#218. Evaluating counteroffer – what must be analyzed first?

Price difference substantial

Counteroffer rejected original offer

Counteroffer is reasonable

Both still interested

#219. Determining which relationship to disclose – first step?

Ask broker opinion

Identify services to provide and to whom

Wait to see who requests

Which party pays more commission

#220. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Both parties satisfied

Benefits both equally

Was broker’s idea

#221. Analyzing if contingency satisfied – key inquiry?

Objective conditions in contingency clause met

Removing it benefits transaction

Both parties want to proceed

Timeline seems reasonable

#222. Determining if breach is material – most relevant factor?

Breach substantially impairs contract value to non-breaching party

Breaching party apologized

Money amount involved

First breach by that party

#223. Evaluating counteroffer – what must be analyzed first?

Price difference substantial

Counteroffer rejected original offer

Counteroffer is reasonable

Both still interested

#224. Determining which relationship to disclose – first step?

Which party pays more commission

Wait to see who requests

Identify services to provide and to whom

Ask broker opinion

#225. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Benefits both equally

Both parties satisfied

Was broker’s idea

#226. Analyzing if contingency satisfied – key inquiry?

Timeline seems reasonable

Both parties want to proceed

Objective conditions in contingency clause met

Removing it benefits transaction

#227. Determining if breach is material – most relevant factor?

Breach substantially impairs contract value to non-breaching party

Money amount involved

First breach by that party

Breaching party apologized

#228. Evaluating counteroffer – what must be analyzed first?

Counteroffer is reasonable

Price difference substantial

Counteroffer rejected original offer

Both still interested

#229. Determining which relationship to disclose – first step?

Wait to see who requests

Which party pays more commission

Identify services to provide and to whom

Ask broker opinion

#230. Analyzing if contract modification enforceable – most critical factor?

Both parties satisfied

Modification agreed per manner required by original contract

Benefits both equally

Was broker’s idea

#231. Analyzing if contingency satisfied – key inquiry?

Objective conditions in contingency clause met

Removing it benefits transaction

Both parties want to proceed

Timeline seems reasonable

#232. Determining if breach is material – most relevant factor?

First breach by that party

Breach substantially impairs contract value to non-breaching party

Money amount involved

Breaching party apologized

#233. Evaluating counteroffer – what must be analyzed first?

Counteroffer is reasonable

Price difference substantial

Both still interested

Counteroffer rejected original offer

#234. Determining which relationship to disclose – first step?

Identify services to provide and to whom

Which party pays more commission

Ask broker opinion

Wait to see who requests

#235. Analyzing if contract modification enforceable – most critical factor?

Both parties satisfied

Was broker’s idea

Benefits both equally

Modification agreed per manner required by original contract

#236. Analyzing if contingency satisfied – key inquiry?

Timeline seems reasonable

Removing it benefits transaction

Both parties want to proceed

Objective conditions in contingency clause met

#237. Determining if breach is material – most relevant factor?

Breaching party apologized

Breach substantially impairs contract value to non-breaching party

First breach by that party

Money amount involved

#238. Evaluating counteroffer – what must be analyzed first?

Counteroffer rejected original offer

Both still interested

Price difference substantial

Counteroffer is reasonable

#239. Determining which relationship to disclose – first step?

Identify services to provide and to whom

Ask broker opinion

Wait to see who requests

Which party pays more commission

#240. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Both parties satisfied

Was broker’s idea

Benefits both equally

#241. Analyzing if contingency satisfied – key inquiry?

Removing it benefits transaction

Timeline seems reasonable

Objective conditions in contingency clause met

Both parties want to proceed

#242. Determining if breach is material – most relevant factor?

First breach by that party

Breaching party apologized

Breach substantially impairs contract value to non-breaching party

Money amount involved

#243. Evaluating counteroffer – what must be analyzed first?

Price difference substantial

Both still interested

Counteroffer is reasonable

Counteroffer rejected original offer

#244. Determining which relationship to disclose – first step?

Wait to see who requests

Ask broker opinion

Identify services to provide and to whom

Which party pays more commission

#245. Analyzing if contract modification enforceable – most critical factor?

Was broker’s idea

Both parties satisfied

Modification agreed per manner required by original contract

Benefits both equally

#246. Analyzing if contingency satisfied – key inquiry?

Removing it benefits transaction

Timeline seems reasonable

Objective conditions in contingency clause met

Both parties want to proceed

#247. Determining if breach is material – most relevant factor?

First breach by that party

Breach substantially impairs contract value to non-breaching party

Breaching party apologized

Money amount involved

#248. Evaluating counteroffer – what must be analyzed first?

Counteroffer rejected original offer

Counteroffer is reasonable

Both still interested

Price difference substantial

#249. Determining which relationship to disclose – first step?

Wait to see who requests

Ask broker opinion

Which party pays more commission

Identify services to provide and to whom

#250. Analyzing if contract modification enforceable – most critical factor?

Both parties satisfied

Modification agreed per manner required by original contract

Was broker’s idea

Benefits both equally

#251. Analyzing if contingency satisfied – key inquiry?

Objective conditions in contingency clause met

Both parties want to proceed

Timeline seems reasonable

Removing it benefits transaction

#252. Determining if breach is material – most relevant factor?

Breaching party apologized

Breach substantially impairs contract value to non-breaching party

First breach by that party

Money amount involved

#253. Evaluating counteroffer – what must be analyzed first?

Both still interested

Price difference substantial

Counteroffer is reasonable

Counteroffer rejected original offer

#254. Determining which relationship to disclose – first step?

Wait to see who requests

Which party pays more commission

Ask broker opinion

Identify services to provide and to whom

#255. Analyzing if contract modification enforceable – most critical factor?

Was broker’s idea

Modification agreed per manner required by original contract

Both parties satisfied

Benefits both equally

#256. Analyzing if contingency satisfied – key inquiry?

Removing it benefits transaction

Objective conditions in contingency clause met

Timeline seems reasonable

Both parties want to proceed

#257. Determining if breach is material – most relevant factor?

First breach by that party

Breaching party apologized

Money amount involved

Breach substantially impairs contract value to non-breaching party

#258. Evaluating counteroffer – what must be analyzed first?

Price difference substantial

Both still interested

Counteroffer rejected original offer

Counteroffer is reasonable

#259. Determining which relationship to disclose – first step?

Identify services to provide and to whom

Ask broker opinion

Wait to see who requests

Which party pays more commission

#260. Analyzing if contract modification enforceable – most critical factor?

Benefits both equally

Modification agreed per manner required by original contract

Was broker’s idea

Both parties satisfied

#261. Analyzing if contingency satisfied – key inquiry?

Objective conditions in contingency clause met

Both parties want to proceed

Timeline seems reasonable

Removing it benefits transaction

#262. Determining if breach is material – most relevant factor?

Breaching party apologized

Breach substantially impairs contract value to non-breaching party

Money amount involved

First breach by that party

#263. Evaluating counteroffer – what must be analyzed first?

Counteroffer rejected original offer

Counteroffer is reasonable

Price difference substantial

Both still interested

#264. Determining which relationship to disclose – first step?

Which party pays more commission

Wait to see who requests

Identify services to provide and to whom

Ask broker opinion

#265. Analyzing if contract modification enforceable – most critical factor?

Was broker’s idea

Benefits both equally

Modification agreed per manner required by original contract

Both parties satisfied

#266. Analyzing if contingency satisfied – key inquiry?

Both parties want to proceed

Objective conditions in contingency clause met

Removing it benefits transaction

Timeline seems reasonable

#267. Determining if breach is material – most relevant factor?

Money amount involved

Breaching party apologized

First breach by that party

Breach substantially impairs contract value to non-breaching party

#268. Evaluating counteroffer – what must be analyzed first?

Both still interested

Counteroffer is reasonable

Counteroffer rejected original offer

Price difference substantial

#269. Determining which relationship to disclose – first step?

Which party pays more commission

Ask broker opinion

Wait to see who requests

Identify services to provide and to whom

#270. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Was broker’s idea

Both parties satisfied

Benefits both equally

#271. Analyzing if contingency satisfied – key inquiry?

Timeline seems reasonable

Both parties want to proceed

Objective conditions in contingency clause met

Removing it benefits transaction

#272. Determining if breach is material – most relevant factor?

Breach substantially impairs contract value to non-breaching party

Breaching party apologized

Money amount involved

First breach by that party

#273. Evaluating counteroffer – what must be analyzed first?

Counteroffer is reasonable

Both still interested

Counteroffer rejected original offer

Price difference substantial

#274. Determining which relationship to disclose – first step?

Ask broker opinion

Identify services to provide and to whom

Wait to see who requests

Which party pays more commission

#275. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Was broker’s idea

Both parties satisfied

Benefits both equally

#276. Analyzing if contingency satisfied – key inquiry?

Removing it benefits transaction

Both parties want to proceed

Timeline seems reasonable

Objective conditions in contingency clause met

#277. Determining if breach is material – most relevant factor?

Money amount involved

Breach substantially impairs contract value to non-breaching party

First breach by that party

Breaching party apologized

#278. Evaluating counteroffer – what must be analyzed first?

Counteroffer rejected original offer

Both still interested

Counteroffer is reasonable

Price difference substantial

#279. Determining which relationship to disclose – first step?

Ask broker opinion

Wait to see who requests

Which party pays more commission

Identify services to provide and to whom

#280. Analyzing if contract modification enforceable – most critical factor?

Both parties satisfied

Benefits both equally

Was broker’s idea

Modification agreed per manner required by original contract

#281. Analyzing if contingency satisfied – key inquiry?

Removing it benefits transaction

Both parties want to proceed

Timeline seems reasonable

Objective conditions in contingency clause met

#282. Determining if breach is material – most relevant factor?

First breach by that party

Breaching party apologized

Money amount involved

Breach substantially impairs contract value to non-breaching party

#283. Evaluating counteroffer – what must be analyzed first?

Counteroffer is reasonable

Counteroffer rejected original offer

Both still interested

Price difference substantial

#284. Determining which relationship to disclose – first step?

Wait to see who requests

Identify services to provide and to whom

Ask broker opinion

Which party pays more commission

#285. Analyzing if contract modification enforceable – most critical factor?

Benefits both equally

Both parties satisfied

Was broker’s idea

Modification agreed per manner required by original contract

#286. Analyzing if contingency satisfied – key inquiry?

Timeline seems reasonable

Both parties want to proceed

Removing it benefits transaction

Objective conditions in contingency clause met

#287. Determining if breach is material – most relevant factor?

Money amount involved

Breaching party apologized

First breach by that party

Breach substantially impairs contract value to non-breaching party

#288. Evaluating counteroffer – what must be analyzed first?

Price difference substantial

Counteroffer is reasonable

Both still interested

Counteroffer rejected original offer

#289. Determining which relationship to disclose – first step?

Identify services to provide and to whom

Wait to see who requests

Ask broker opinion

Which party pays more commission

#290. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Benefits both equally

Was broker’s idea

Both parties satisfied

#291. Analyzing if contingency satisfied – key inquiry?

Timeline seems reasonable

Objective conditions in contingency clause met

Removing it benefits transaction

Both parties want to proceed

#292. Determining if breach is material – most relevant factor?

First breach by that party

Breach substantially impairs contract value to non-breaching party

Money amount involved

Breaching party apologized

#293. Evaluating counteroffer – what must be analyzed first?

Counteroffer is reasonable

Both still interested

Counteroffer rejected original offer

Price difference substantial

#294. Determining which relationship to disclose – first step?

Which party pays more commission

Wait to see who requests

Identify services to provide and to whom

Ask broker opinion

#295. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Both parties satisfied

Benefits both equally

Was broker’s idea

#296. Analyzing if contingency satisfied – key inquiry?

Both parties want to proceed

Objective conditions in contingency clause met

Timeline seems reasonable

Removing it benefits transaction

#297. Determining if breach is material – most relevant factor?

Breaching party apologized

Money amount involved

Breach substantially impairs contract value to non-breaching party

First breach by that party

#298. Evaluating counteroffer – what must be analyzed first?

Price difference substantial

Counteroffer is reasonable

Both still interested

Counteroffer rejected original offer

#299. Determining which relationship to disclose – first step?

Wait to see who requests

Identify services to provide and to whom

Ask broker opinion

Which party pays more commission

#300. Analyzing if contract modification enforceable – most critical factor?

Modification agreed per manner required by original contract

Was broker’s idea

Both parties satisfied

Benefits both equally

#301. Analyzing if contingency satisfied – key inquiry?

Timeline seems reasonable

Removing it benefits transaction

Both parties want to proceed

Objective conditions in contingency clause met

#302. Determining if breach is material – most relevant factor?

First breach by that party

Money amount involved

Breaching party apologized

Breach substantially impairs contract value to non-breaching party

#303. Evaluating counteroffer – what must be analyzed first?

Price difference substantial

Counteroffer rejected original offer

Both still interested

Counteroffer is reasonable

#304. Determining which relationship to disclose – first step?

Identify services to provide and to whom

Wait to see who requests

Ask broker opinion

Which party pays more commission

#305. Analyzing if contract modification enforceable – most critical factor?

Benefits both equally

Both parties satisfied

Was broker’s idea

Modification agreed per manner required by original contract

#306. Analyzing if contingency satisfied – key inquiry?

Both parties want to proceed

Timeline seems reasonable

Objective conditions in contingency clause met

Removing it benefits transaction

#307. Determining if breach is material – most relevant factor?

Breaching party apologized

First breach by that party

Breach substantially impairs contract value to non-breaching party

Money amount involved

#308. Evaluating counteroffer – what must be analyzed first?

Counteroffer rejected original offer

Price difference substantial

Both still interested

Counteroffer is reasonable

#309. Determining which relationship to disclose – first step?

Ask broker opinion

Which party pays more commission

Identify services to provide and to whom

Wait to see who requests

#310. What is bilateral contract?

Contract lasting two years

Contract for two properties

Contract with promises from both parties

Contract signed by two people

#311. What is void contract?

Contract that expired

Contract that was performed

Contract cancellable by one party

Contract with no legal effect from beginning

#312. What is voidable contract?

Valid but may be canceled by party with grounds

Automatically void

Missing signatures

Contract with mistake

#313. What is specific performance?

Performing better than required

Performing quickly

Detailed terms

Court remedy requiring actual contract performance

#314. What is ‘time is of the essence’?

Time extends automatically

Expires in 24 hours

Must sign quickly

Deadlines strictly enforced, failure may be material breach

#315. What is bilateral contract?

Contract lasting two years

Contract with promises from both parties

Contract for two properties

Contract signed by two people

#316. What is void contract?

Contract cancellable by one party

Contract that was performed

Contract with no legal effect from beginning

Contract that expired

#317. What is voidable contract?

Automatically void

Valid but may be canceled by party with grounds

Missing signatures

Contract with mistake

#318. What is specific performance?

Performing better than required

Court remedy requiring actual contract performance

Performing quickly

Detailed terms

#319. What is ‘time is of the essence’?

Expires in 24 hours

Deadlines strictly enforced, failure may be material breach

Time extends automatically

Must sign quickly

#320. What is bilateral contract?

Contract for two properties

Contract signed by two people

Contract with promises from both parties

Contract lasting two years

#321. What is void contract?

Contract with no legal effect from beginning

Contract that was performed

Contract that expired

Contract cancellable by one party

#322. What is voidable contract?

Automatically void

Contract with mistake

Valid but may be canceled by party with grounds

Missing signatures

#323. What is specific performance?

Performing better than required

Performing quickly

Detailed terms

Court remedy requiring actual contract performance

#324. What is ‘time is of the essence’?

Must sign quickly

Deadlines strictly enforced, failure may be material breach

Time extends automatically

Expires in 24 hours

#325. What is bilateral contract?

Contract signed by two people

Contract with promises from both parties

Contract for two properties

Contract lasting two years

#326. What is void contract?

Contract that was performed

Contract that expired

Contract with no legal effect from beginning

Contract cancellable by one party

#327. What is voidable contract?

Valid but may be canceled by party with grounds

Missing signatures

Contract with mistake

Automatically void

#328. What is specific performance?

Performing better than required

Court remedy requiring actual contract performance

Performing quickly

Detailed terms

#329. What is ‘time is of the essence’?

Must sign quickly

Time extends automatically

Deadlines strictly enforced, failure may be material breach

Expires in 24 hours

#330. What is bilateral contract?

Contract signed by two people

Contract lasting two years

Contract with promises from both parties

Contract for two properties

#331. What is void contract?

Contract that expired

Contract with no legal effect from beginning

Contract that was performed

Contract cancellable by one party

#332. What is voidable contract?

Missing signatures

Automatically void

Valid but may be canceled by party with grounds

Contract with mistake

#333. What is specific performance?

Performing quickly

Performing better than required

Detailed terms

Court remedy requiring actual contract performance

#334. What is ‘time is of the essence’?

Time extends automatically

Must sign quickly

Deadlines strictly enforced, failure may be material breach

Expires in 24 hours

#335. What is bilateral contract?

Contract with promises from both parties

Contract signed by two people

Contract for two properties

Contract lasting two years

#336. What is void contract?

Contract cancellable by one party

Contract that was performed

Contract with no legal effect from beginning

Contract that expired

#337. What is voidable contract?

Automatically void

Missing signatures

Valid but may be canceled by party with grounds

Contract with mistake

#338. What is specific performance?

Performing better than required

Performing quickly

Court remedy requiring actual contract performance

Detailed terms

#339. What is ‘time is of the essence’?

Time extends automatically

Deadlines strictly enforced, failure may be material breach

Expires in 24 hours

Must sign quickly

#340. What is bilateral contract?

Contract for two properties

Contract lasting two years

Contract signed by two people

Contract with promises from both parties

#341. What is void contract?

Contract cancellable by one party

Contract with no legal effect from beginning

Contract that expired

Contract that was performed

#342. What is voidable contract?

Valid but may be canceled by party with grounds

Missing signatures

Contract with mistake

Automatically void

#343. What is specific performance?

Court remedy requiring actual contract performance

Detailed terms

Performing better than required

Performing quickly

#344. What is ‘time is of the essence’?

Must sign quickly

Time extends automatically

Expires in 24 hours

Deadlines strictly enforced, failure may be material breach

#345. What is bilateral contract?

Contract lasting two years

Contract signed by two people

Contract for two properties

Contract with promises from both parties

#346. What is void contract?

Contract with no legal effect from beginning

Contract that expired

Contract that was performed

Contract cancellable by one party

#347. What is voidable contract?

Missing signatures

Contract with mistake

Automatically void

Valid but may be canceled by party with grounds

#348. What is specific performance?

Performing better than required

Court remedy requiring actual contract performance

Detailed terms

Performing quickly

#349. What is ‘time is of the essence’?

Must sign quickly

Deadlines strictly enforced, failure may be material breach

Time extends automatically

Expires in 24 hours

#350. What is bilateral contract?

Contract for two properties

Contract signed by two people

Contract lasting two years

Contract with promises from both parties

#351. What is void contract?

Contract that expired

Contract cancellable by one party

Contract with no legal effect from beginning

Contract that was performed

#352. What is voidable contract?

Valid but may be canceled by party with grounds

Missing signatures

Automatically void

Contract with mistake

#353. What is specific performance?

Court remedy requiring actual contract performance

Detailed terms

Performing quickly

Performing better than required

#354. What is ‘time is of the essence’?

Deadlines strictly enforced, failure may be material breach

Time extends automatically

Must sign quickly

Expires in 24 hours

#355. What is bilateral contract?

Contract signed by two people

Contract lasting two years

Contract with promises from both parties

Contract for two properties

#356. What is void contract?

Contract cancellable by one party

Contract that expired

Contract that was performed

Contract with no legal effect from beginning

#357. What is voidable contract?

Valid but may be canceled by party with grounds

Automatically void

Missing signatures

Contract with mistake

#358. What is specific performance?

Court remedy requiring actual contract performance

Detailed terms

Performing better than required

Performing quickly

#359. What is ‘time is of the essence’?

Expires in 24 hours

Time extends automatically

Deadlines strictly enforced, failure may be material breach

Must sign quickly

#360. What is bilateral contract?

Contract for two properties

Contract signed by two people

Contract with promises from both parties

Contract lasting two years

#361. What is void contract?

Contract that expired

Contract cancellable by one party

Contract with no legal effect from beginning

Contract that was performed

#362. What is voidable contract?

Valid but may be canceled by party with grounds

Automatically void

Contract with mistake

Missing signatures

#363. What is specific performance?

Detailed terms

Court remedy requiring actual contract performance

Performing quickly

Performing better than required

#364. What is ‘time is of the essence’?

Deadlines strictly enforced, failure may be material breach

Expires in 24 hours

Time extends automatically

Must sign quickly

#365. What is bilateral contract?

Contract signed by two people

Contract lasting two years

Contract for two properties

Contract with promises from both parties

#366. What is void contract?

Contract that was performed

Contract cancellable by one party

Contract with no legal effect from beginning

Contract that expired

#367. What is voidable contract?

Valid but may be canceled by party with grounds

Contract with mistake

Missing signatures

Automatically void

#368. What is specific performance?

Performing quickly

Court remedy requiring actual contract performance

Performing better than required

Detailed terms

#369. What is ‘time is of the essence’?

Must sign quickly

Deadlines strictly enforced, failure may be material breach

Expires in 24 hours

Time extends automatically

#370. What is bilateral contract?

Contract with promises from both parties

Contract signed by two people

Contract lasting two years

Contract for two properties

#371. What is void contract?

Contract that expired

Contract cancellable by one party

Contract with no legal effect from beginning

Contract that was performed

#372. What is voidable contract?

Valid but may be canceled by party with grounds

Missing signatures

Automatically void

Contract with mistake

#373. What is specific performance?

Performing better than required

Detailed terms

Court remedy requiring actual contract performance

Performing quickly

#374. What is ‘time is of the essence’?

Deadlines strictly enforced, failure may be material breach

Time extends automatically

Must sign quickly

Expires in 24 hours

#375. What is bilateral contract?

Contract with promises from both parties

Contract lasting two years

Contract for two properties

Contract signed by two people

#376. What is void contract?

Contract cancellable by one party

Contract with no legal effect from beginning

Contract that was performed

Contract that expired

#377. What is voidable contract?

Automatically void

Contract with mistake

Missing signatures

Valid but may be canceled by party with grounds

#378. What is specific performance?

Court remedy requiring actual contract performance

Performing better than required

Detailed terms

Performing quickly

#379. What is ‘time is of the essence’?

Time extends automatically

Must sign quickly

Deadlines strictly enforced, failure may be material breach

Expires in 24 hours

CHAPTER 8 – CONTRACTS

Results

#1. Buyer offers Monday 3PM, acceptance by Thursday 5PM. Seller signs Thursday 4PM but broker delivers Friday 10AM. Contract status?

#2. Seller gets $350K offer on $375K listing. Crosses out price, writes $365K, initials, signs. What occurred?

#3. Transaction broker; buyer says privately would pay $425K but offers $400K. Seller asks if buyer can pay more. Broker must?

#4. Single agent for seller finds recurring roof leaks (not visible dry weather). Seller says don’t mention unless asked. Agent must?

#5. Oral agreement for commercial property $850K, ‘will write it next week’. One refuses. Enforceability?

#6. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#7. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#8. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#9. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#10. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#11. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#12. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#13. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#14. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#15. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#16. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#17. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#18. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#19. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#20. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#21. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#22. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#23. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#24. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#25. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#26. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#27. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#28. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#29. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#30. Buyer offers Monday 3PM, acceptance by Thursday 5PM. Seller signs Thursday 4PM but broker delivers Friday 10AM. Contract status?

#31. Seller gets $350K offer on $375K listing. Crosses out price, writes $365K, initials, signs. What occurred?

#32. Transaction broker; buyer says privately would pay $425K but offers $400K. Seller asks if buyer can pay more. Broker must?

#33. Single agent for seller finds recurring roof leaks (not visible dry weather). Seller says don’t mention unless asked. Agent must?

#34. Oral agreement for commercial property $850K, ‘will write it next week’. One refuses. Enforceability?

#35. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#36. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#37. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#38. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#39. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#40. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#41. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#42. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#43. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#44. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#45. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#46. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#47. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#48. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#49. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#50. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#51. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#52. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#53. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#54. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#55. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#56. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#57. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#58. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#59. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#60. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#61. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#62. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#63. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#64. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#65. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#66. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#67. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#68. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#69. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#70. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#71. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#72. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#73. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?

#74. Tenant signs 1-year lease Jan 1. Wants out March 15 for job transfer. No early-term clause. Obligations?

#75. Financing contingency 21 days. Buyer applies day 18, denied, cancels. Outcome?

#76. Inspection contingency 10 days. Inspection day 7, notice day 12. Seller’s rights?

#77. Exclusive right listing expires June 30. Seller finds buyer June 28, closes July 15. Broker gets?

#78. Sales associate as transaction broker; seller facing foreclosure, 30 days. Buyer asks if motivated. What do?