North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 32 Topic 4 Discussion

North Carolina Real Estate Commission NC Real Estate Broker National NCREC-Broker-N Question # 32 Topic 4 Discussion

NCREC-Broker-N Exam Topic 4 Question 32 Discussion:
Question #: 32
Topic #: 4

A week before closing, lightning struck the roof of the property being sold, doing about $5,000 in damage. The seller and buyer agree to adjust the sales price accordingly and continue with the transaction. What should they do to document this mutual understanding?


A.

Draft a lis pendens


B.

Execute a new purchase agreement


C.

Prepare and sign an amendment


D.

Nothing; an oral agreement is sufficient


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