Ace the California Real Estate Exam 2025 – Your Key to Property Success! Flash Cards

An owner offered his home to a buyer for $100,000 cash. The buyer paid the owner $100 cash to keep the offer open for two weeks. The owner accepted the $100. Ten days later, the owner notified the buyer that he was withdrawing his home from the sale. The next day the buyer tendered $100,000 cash to the owner. Under these conditions: