A buyer contracts to purchase a property from a seller for $212,000. Two weeks before closing, a buyer's agent for another compa

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2 years ago

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ny delivers an offer for $205,000. The listing associate should

1 answer:

ehidna [41] · Answer 1 · 2023-06-16T15:21:49+03:00

The listing associate should present the offer to the seller as a potential backup offer for further negotiation.

<h3>Who is a seller?</h3>

A seller is any person or company who sells a product, service, or financial asset.
Short selling is the practice of borrowing securities that are not held in order to sell them and then repurchase them at a reduced price.
A "writer" is a seller of options who collects the premium from the buyer.

<h3>What is an offer?</h3>

In exchange for something else, a commitment to do or refrain from doing something.
An offer must be worded and delivered in such a way that a reasonable person would expect its acceptance to result in a binding contract.

Therefore, the listing associate should present the offer to the seller as a potential backup offer for further negotiation.

Know more about a seller here:

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