Which of the following modifications can an agent make in a Real Estate Purchase Contract?

Enhance your preparation for the Utah General Sales License Exam with comprehensive study materials, flashcards, and multiple choice questions. Each question is accompanied by detailed explanations and hints to boost your confidence.

In the context of real estate transactions, agents are typically bound by the authority granted to them by their clients. Agents are responsible for facilitating the transaction but do not have the authority to unilaterally modify essential terms of the contract without explicit permission from their clients. This includes aspects like the purchase price, closing date, terms of financing, or any other significant condition of the contract.

The concept that agents cannot make changes on their own ensures that clients maintain control over the significant terms of the agreements they enter into. For example, if an agent could alter closing dates or loan terms without client approval, it could lead to misunderstandings, potential disputes, and even legal complications.

In practice, any changes to a Real Estate Purchase Contract require express written consent from all parties involved. Therefore, when interpreting the role of the agent and the limitations on their authority regarding contract modifications, it's clear that they can make no changes unless specifically authorized to do so by the client.

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