PSI Oklahoma Real Estate Practice Test

What should be done if a real estate salesperson's offer is altered?

1. Ignore the alteration and proceed

2. Start a new offer

3. Consider it a rejection of the initial offer

4. Request a verbal confirmation of acceptance

The correct answer is: Consider it a rejection of the initial offer

When a real estate salesperson's offer is altered, it should be considered a rejection of the initial offer. This principle is based on the concept of contract law, where an offer is only valid if it is accepted in its exact terms. If any part of the offer is changed or modified, the original offer no longer stands, and the alteration itself is treated as a counteroffer. In this scenario, the altered offer does not accept the original terms but instead proposes new terms, hence creating a different proposition. The person who made the alteration effectively signals that they are not accepting the initial offer but instead are suggesting their own terms. As a result, the initial offer is deemed rejected. Taking this approach helps maintain clarity in negotiations, as it allows all parties to have a clear understanding of what is being agreed upon. In real estate transactions, where precision is crucial, acknowledging an alteration appropriately prevents confusion and facilitates a smoother transaction process. While other options may seem viable at first, they do not align with the principles of offer and acceptance in contract law, making them less appropriate in handling an altered offer.