A buyer makes an offer to purchase a property listed for sale and does not state in the offer a specific expiration date. Which of the following statements would be TRUE concerning this situation?
A. The offer can be withdrawn by the buyer.
B. The offer can be withdrawn by the buyer anytime prior to communication of acceptance.
C. The offer would be valid for seven business days.
D. The offer would not be valid as it did not contain an expiration date.
Answer: B. The offer can be withdrawn by the buyer anytime prior to communication of acceptance.
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