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    Q. 18Application-level
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    A buyer offers $320,000 on a home. The seller responds with a written counteroffer at $335,000. The buyer then says, I accept your original $340,000 list price. Has a binding contract formed?

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    Correct answerStatute referenceTrap diagnosis
    Sources: TRELA (The Real Estate License Act, Tex. Occupations Code Ch. 1101) · TREC Rules (22 TAC) · Pearson VUE Texas Real Estate Candidate Handbook.