Which answer most accurately states the Florida rule for core provisions in the current residential purchase agreement?
Correct Answer
A) As-is contract practice generally means the seller is not agreeing to make repairs simply because the buyer inspects the property.
As-is contract practice generally means the seller is not agreeing to make repairs simply because the buyer inspects the property. This follows Current Florida residential purchase contract practice; Pearson VUE Florida Sales Associate CIB.
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Compliance case Cedar Brief frames the issue this way. In a Tallahassee transaction, a closing coordinator wants the Florida rule on core provisions in the current residential purchase agreement. Which statement is correct?
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A buyer submits an offer on a Florida property with an earnest money deposit of $5,000. The seller counteroffers with different terms. Under Florida law, what happens to the original offer?