When does an offer release or expiry occur?

• A. Time limit
• B. The offer is never revoked
• C. The offer is changed by the seller
• D. The offer is accepted

Answer: (A)

The main idea here is that offers have a deadline. In real estate practice, an offer includes a specified time limit by which the other party must accept. If that deadline passes without acceptance, the offer expires and is no longer capable of being accepted. This keeps negotiations bound to a defined window, preventing endless uncertainty. The other possibilities don’t fit because revocation can occur before acceptance, a seller’s change would be a counter-offer rather than expiry, and acceptance would end the offer by forming a contract rather than simply causing expiry.