A seller receives two offers simultaneously on their Alberta property. What is the seller's obligation?
Correct Answer
B) The seller may accept, reject or counter either offer, not necessarily the highest
In Alberta, a seller has the right to accept, reject, or counter any offer on their property. There is no legal obligation to accept the highest offer or the first offer received. The seller may choose based on any criteria, including price, conditions, completion date, or other terms.
Why This Is the Correct Answer
Under Alberta real estate law, sellers retain complete discretion over offer acceptance. There is no statutory or common law obligation to accept the highest offer or the first received. Sellers may evaluate offers based on price, conditions, closing dates, financing terms, or any personal criteria they choose.
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