A buyer agrees to all terms of a seller's offer ex...

Texas Real Estate Practice Exam Latest Update And Verified

Question Number 23

A buyer agrees to all terms of a seller's offer except the length of time for a contingency to procure financing. The buyer extends the financing period in the offer by one week, signs the form, and mails it back to the seller. At this point, the seller's offer:

is void.

Becomes an executory contract.

Becomes a counteroffer.

Has been accepted, since the modification was a contingency.

✔ Correct Answer:

is void.

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Texas Real Estate Practice Exam Latest Update And Verified

Question Number 23

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