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Business, 20.10.2021 14:30 cravens511peeelg

A prospective purchaser made an offer to purchase to the listing agent who forwarded that offer to the owner by mail. The owner signed the sales contract and mailed it to his listing agent. While this document was in the mail to the listing agent, another purchaser made an offer for the same property. The listing agent called the owner to tell him about the second offer. Before the owner could mention that he had accepted the first offer and mailed the signed contract to the listing agent, the listing agent told the seller that there was a second, higher offer. The owner immediately told his listing agent to disregard the signed contract that he had mailed to the listing agent because he would prefer to accept the second offer. At this point in time, whis/are true?

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