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A counter-offer in Louisiana real estate:

Correct Answer

B) Terminates the original offer and creates a new offer

A counter-offer rejects and terminates the original offer, creating a new offer that the other party may accept, reject, or counter.

Answer Options
A
Automatically extends the original offer
B
Terminates the original offer and creates a new offer
C
Binds both parties
D
Must be approved by the listing broker

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Related Topics & Key Terms

Related Topics:

offer and acceptancemutual consentcontract formationLouisiana Civil Codenegotiation

Key Terms:

counter-offeroffer and acceptancecontract terminationnew offermutual consent
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