If an offer to purchase real property has been presented to a seller, but not accepted, the offer may be withdrawn by the buyer at any time.

If an offer to purchase real property has been presented to a seller, but not accepted, the offer may be withdrawn by the buyer at any time.

• A. It may be withdrawn by the buyer at any time.
• B. It becomes binding when presented.
• C. The seller may revoke the offer at any time.
• D. The buyer loses the right to revoke.

Answer: (A)

An offer to purchase is not binding until the seller accepts it. Because it’s only a proposal, the buyer who made the offer can withdraw it at any time before acceptance. This remains true unless there’s a specific arrangement that makes the offer irrevocable, such as an option to purchase or a firm-offer provision. The seller can’t revoke the buyer’s right to withdraw the offer; the right to revoke lies with the offeror (the buyer) before acceptance. The buyer doesn’t lose the right to revoke; that right ends once the seller accepts the offer and a contract is formed.

An offer to purchase is not binding until the seller accepts it. Because it’s only a proposal, the buyer who made the offer can withdraw it at any time before acceptance. This remains true unless there’s a specific arrangement that makes the offer irrevocable, such as an option to purchase or a firm-offer provision. The seller can’t revoke the buyer’s right to withdraw the offer; the right to revoke lies with the offeror (the buyer) before acceptance. The buyer doesn’t lose the right to revoke; that right ends once the seller accepts the offer and a contract is formed.