Alberta Real Estate Licensing Exam Practice · Question
What does a 'conditional offer' in real estate mean?
A conditional offer includes specific stipulations, such as financing or inspection, that must be satisfied for the contract to become firm.
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Question: What does a 'conditional offer' in real estate mean?
Answer options: ✅ The offer is subject to certain conditions being met by a specified date
- The offer can be withdrawn at any time without penalty
- The buyer must pay a higher deposit
- The seller must accept the offer immediately
Correct answer: The offer is subject to certain conditions being met by a specified date
Explanation: A conditional offer includes specific stipulations, such as financing or inspection, that must be satisfied for the contract to become firm.
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