Alberta Real Estate Licensing Exam Practice · Question
A buyer makes an offer on a property. Before the seller accepts, the buyer changes their mind. What can the buyer do?
An offer can be revoked by the offeror at any time before it has been accepted and the acceptance communicated to them.
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Question: A buyer makes an offer on a property. Before the seller accepts, the buyer changes their mind. What can the buyer do?
Answer options: ✅ Revoke the offer, provided it hasn't been accepted and communicated.
- Only withdraw the offer if the seller agrees to it.
- Forfeit their deposit automatically if they withdraw.
- Force the seller to accept the original offer if it was reasonable.
Correct answer: Revoke the offer, provided it hasn't been accepted and communicated.
Explanation: An offer can be revoked by the offeror at any time before it has been accepted and the acceptance communicated to them.
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