Question

In scenarios involving notice receipt in real estate transactions, who is authorized to acknowledge the notice?

A) The brokerage can acknowledge the notice on behalf of their clients.
B) The seller or buyer customer must acknowledge receipt of the notice.
C) Acknowledgment of the notice is not required in real estate transactions.

Select the accurate statement based on the provided information:

A only
B only
C only

Answer 1

In real estate transactions, the seller or buyer must typically acknowledge receipt of notices themselves, rather than through a brokerage.

Step-by-step explanation:

In scenarios involving notice receipt in real estate transactions, it is generally the seller or buyer who must acknowledge receipt of the notice. While a brokerage can communicate notices and may facilitate the process, the formal acknowledgment is typically done by the parties to the transaction themselves to ensure that they have received and understood the notice. Therefore, the accurate statement based on the provided information is B) The seller or buyer customer must acknowledge receipt of the notice.