Can a seller accept multiple conditional offers simultaneously?

A seller can accept multiple conditional offers simultaneously as long as the conditions are clearly defined. This allows the seller the flexibility to consider multiple potential buyers at the same time, which can be beneficial in a competitive market. Each offer carries its own terms and conditions that need to be understood separately, ensuring that the seller can make informed decisions about which offer to pursue based on the specific conditions outlined.

The legality of accepting multiple offers stems from the fact that each one remains contingent upon its terms being met, which means that the seller retains the option to negotiate, accept, or reject any offer that does not meet their requirements. This practice allows sellers to maximize their options and potentially select the most favorable offer for their circumstances.

The other options suggest limitations or conditions that do not reflect the standard practices in real estate transactions in New Brunswick. Accepting multiple offers can streamline the process and make it more favorable for sellers, as long as they manage them carefully and ensure that all parties involved understand the conditional nature of each offer.