Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

Which action is recommended for a buyer who wants to terminate a contract after an inspection?

1. Negotiate repairs with the seller

2. Pay the option fee

3. Consult with a private attorney

4. Accept the property "as is"

The correct answer is: Consult with a private attorney

In the context of terminating a contract after an inspection, consulting with a private attorney is a highly recommended action for a buyer. This step is crucial because the terms of real estate contracts can be complex and vary significantly. An attorney can review the specifics of the contract, advise the buyer on their legal rights and obligations, and help navigate any potential consequences of terminating the agreement. This legal insight ensures that the buyer makes an informed decision and protects their interests throughout the process. Other options might not be as beneficial in this scenario. Negotiating repairs with the seller may or may not lead to the desired outcome and doesn't address the buyer's intent to terminate the contract. Paying the option fee typically secures the buyer's right to terminate the contract within a specified period, but it might not provide the resolution needed after the inspection if significant issues are discovered. Accepting the property "as is" implies that the buyer is willing to proceed with the purchase despite potential problems, which contradicts the desire to terminate the contract. Therefore, seeking legal advice is the most prudent recommendation for understanding the implications of terminating the contract after an inspection.