hard · National Real Estate Exam
A buyer submits a written offer to purchase a home for $350,000, with a 72-hour window for acceptance. 24 hours later, the seller responds in writing, accepting the price but changing the closing date to two weeks later than requested.
What is the current status of the original offer?
- It remains open for the remainder of the 72-hour window.
- It is a valid contract since the price was accepted.
- It has been rejected and replaced by a counteroffer.
- It is a voidable contract at the option of the buyer.
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