What happens when a buyer waives a condition in an Agreement of Purchase and Sale?

Option B: The condition is extended for an additional 48 hours

This is incorrect because waiving a condition removes it entirely from the contract - it doesn't extend the condition period. Extensions would require mutual agreement between buyer and seller through a formal amendment to the Agreement of Purchase and Sale. The 48-hour timeframe has no basis in real estate law regarding condition waivers. Once waived, the condition ceases to exist in the contract.

Option C: The seller must provide additional disclosure

This is incorrect because waiving a condition doesn't trigger additional disclosure requirements for the seller. Disclosure obligations are typically established at the beginning of the transaction through property disclosure statements and are governed by provincial consumer protection legislation. The act of waiving a condition is a buyer's unilateral decision that doesn't create new obligations for the seller regarding property information.

Option D: The purchase price is automatically reduced

This is incorrect because waiving a condition has no automatic effect on the purchase price. The purchase price is a fundamental term of the Agreement of Purchase and Sale that can only be changed through mutual agreement and formal amendment. Condition waivers relate to protective clauses, not financial terms. Any price adjustments would require separate negotiation and documentation between the parties.