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A week before closing, lightning struck the roof of the property being sold, doing about...

A week before closing, lightning struck the roof of the property being sold, doing about $5,000 in damage. The seller and buyer agree to adjust the sales price accordingly and continue with the transaction. What should they do to document this mutual understanding?

A.

Draft a lis pendens

B.

Execute a new purchase agreement

C.

Prepare and sign an amendment

D.

Nothing; an oral agreement is sufficient

Real Estate NCREC-Broker-N Summary

  • Vendor: Real Estate
  • Product: NCREC-Broker-N
  • Update on: Jan 7, 2026
  • Questions: 125
Price: $52.5  $149.99
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