How can a condition precedent be removed?

• A. By informal verbal agreement among the parties
• B. By written notice delivered to all parties before the deadline
• C. By payment of a fee to the broker
• D. By acceptance of the condition by the seller only

Answer: (B)

Removing a condition precedent happens only through a written waiver delivered to all parties before the specified deadline. This written notice creates a clear, enforceable change to the contract, showing that the condition is no longer required for the sale to proceed. Verbal agreements don’t count as a formal waiver and can lead to disputes because there’s no reliable record that everyone agreed or that the waiver was made before the deadline. Paying a fee to the broker has no effect on whether the condition is waived, and acceptance by the seller alone doesn’t remove the condition since the waiver must be communicated to all parties in writing.