Alberta Real Estate Licensing Exam Practice · Question
Before an offer is accepted, what can a buyer do with their offer?
An offer can be revoked freely before acceptance is communicated, as it is not yet a binding contract.
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Question: Before an offer is accepted, what can a buyer do with their offer?
Answer options: ✅ Revoke it at any time, provided the revocation is communicated to the seller.
- Only revoke it if the seller has made a counter-offer.
- Not revoke it once presented to the seller.
- Revoke it only with the real estate professional's permission.
Correct answer: Revoke it at any time, provided the revocation is communicated to the seller.
Explanation: An offer can be revoked freely before acceptance is communicated, as it is not yet a binding contract.
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