What conclusion can buyers draw if a seller accepts their initial offer after making a counter offer?

Get ready for the Michigan Real Estate Salesperson Licensing exam. Study with multiple choice questions and hints, ensuring you're fully prepared for your exam!

When a seller accepts a buyer's initial offer after making a counteroffer, it indicates that the seller is agreeing to the terms of the original offer made by the buyer, effectively reinstating that offer as valid. This situation suggests that the counteroffer has been set aside, and the acceptance of the initial offer indicates mutual agreement on the previously proposed terms by the buyer.

In real estate transactions, once a counteroffer is made, the original offer is considered void since a counteroffer is a rejection of the original terms. However, if the seller indicates acceptance of the initial offer, the parties revert back to the original terms agreed upon by the buyer, allowing the transaction to proceed without the terms outlined in the counteroffer.

Thus, the conclusion that the original offer remains valid is crucial because it indicates that both parties are now backtracking to the original agreement that the buyer proposed before any counteroffer was made.

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