In Ohio, if a seller refuses to sell after signing a purchase agreement, the buyer may seek:
Question & Answer
Review the question and all answer choices
Only monetary damages
Option A is incorrect because monetary damages alone are often insufficient for real estate breaches. While damages might compensate for some losses, they cannot replace the specific property the buyer intended to purchase, which is why specific performance is the primary remedy.
Specific performance to complete the sale
Criminal charges
Option C is incorrect because contract breaches between private parties in real estate transactions are civil matters, not criminal offenses. Criminal charges require violations of criminal law, not simple contract disputes.
License revocation
Option D is incorrect because license revocation relates to violations of real estate licensing regulations, not contract disputes between buyers and sellers. A seller's breach of contract doesn't warrant professional disciplinary action.
Why is this correct?
Specific performance is the correct answer because real estate is considered unique property. When a seller breaches a purchase agreement, monetary damages may not adequately compensate the buyer for losing the specific property they wanted, so courts can order specific performance to force the seller to complete the sale.
Continue Learning
Explore this topic in different formats
More Contracts Videos
Continue learning with related video lessons
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.