Professional Legal Training Course (PLTC) Real Estate Practice Exam

If a seller fails to fulfill the changes or repairs stipulated in the purchase agreement, the buyer has the option to pursue legal action for damages, especially if they proceed to closing without resolving the issue. In this scenario, the buyer may choose to complete the transaction despite the seller not meeting their obligations, and then subsequently seek compensation for any losses incurred as a result of the seller’s failure to perform. This could include costs associated with repairs that the seller agreed to undertake but did not complete.

This option allows the buyer to protect their interests while still moving forward with the purchase, ensuring that they can address the ramifications of the seller’s non-compliance even after the deal is finalized. The legal recourse available to the buyer for unmet conditions of the contract emphasizes the importance of adhering to contractual obligations in real estate transactions, as well as the potential for the buyer to recover damages.

Other choices do not provide a viable path for the buyer. They indicate that the buyer cannot take action at all, must wait until after closing to take action, or can cancel the contract and simply receive a refund, which does not encompass the possibility of pursuing legal remedies. Thus, understanding the buyer's rights in such situations is crucial, and pursuing damages post-closing can be an