Question

Kelly selected a home and submitted an offer to the seller. Multiple Choice The seller must accept her offer. Her offer must have been for the asking price. The seller's price is affected by Kelly's need to buy. The seller may reject the offer and choose to provide a counteroffer. Kelly will receive earnest money when she presents the offer.

Answer 1

Answer:

The seller may reject the offer and choose to provide a counteroffer.

Explanation:

In a free-market environment, a seller has the option to accept or decline an offer for what he is selling, in this case, a house. Furthermore, he can propose a counteroffer to see if the buyer is able and willing to pay more for that house. Taking this simple rules into account, the seller may reject Kelly’s offer if he wants and can choose to make a counteroffer.