A buyer submits an offer with a home inspection condition that must be satisfied by 5:00 PM on Friday. At 3:00 PM Friday, the buyer's agent emails the seller's agent stating the inspection condition is waived. What is the legal status of this waiver?

Option A: Invalid because waivers must be submitted in writing with original signatures

Option A is incorrect because modern real estate practice recognizes electronic communication as valid for condition waivers. While written documentation is important, emails between licensed agents are generally accepted as proper communication methods. Original signatures are not typically required for condition waivers, though proper documentation and confirmation are still important for legal clarity.

Option B: Valid if both agents acknowledge receipt and the seller accepts

Option B is incorrect because it suggests additional requirements beyond what's legally necessary. While acknowledgment and seller acceptance may be good practice, the waiver itself becomes valid upon proper communication before the deadline. The buyer's unilateral right to waive their protective condition doesn't require seller acceptance to be legally effective, though notification to all parties is essential.

Option C: Invalid because the inspection period had not yet expired

Option C is incorrect because it misunderstands the nature of condition periods. Buyers are not required to use the entire condition period before waiving. The deadline establishes the maximum time available, but buyers can waive conditions at any point before expiry. Requiring the full period to elapse would unnecessarily restrict buyer flexibility and contradict standard real estate practice.