Baker put his house on the market for $90,000. Dalton offered $80,000, which Baker refused. Baker then offered to sell Dalton the house for $85,000. Baker's $85,000 offer is a(n)
A) counteroffer.
B) acceptance.
C) bid.
D) contingency.
Correct Answer:
Verified
Q12: The major reason to record a deed
Q13: Closing costs are always the sole responsibility
Q14: The Real Estate Settlement Procedures Act applies
Q15: The final step in a real estate
Q16: The purchase of a home is usually
Q18: A contract for the purchase and sale
Q19: The purpose of a title search is
Q20: Only the buyer may insert contingencies in
Q21: The guarantees contained in a warranty deed
Q22: A deed that gives to the buyer
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