What happens if a buyer discovers an issue during the due diligence period?

Study for the North Carolina Post Licensing 301 Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your test!

When a buyer discovers an issue during the due diligence period, they have specific rights that empower them to take action regarding the contract. The due diligence period is designed to allow buyers to investigate the property thoroughly. If an issue arises, the buyer can opt to request repairs, negotiate a price adjustment, or, if they feel inclined, back out of the contract altogether.

This flexibility is a crucial aspect of the due diligence process as it offers protection to buyers, allowing them to make informed decisions based on the condition of the property. They are not obligated to proceed with the transaction if the findings during this period reveal serious concerns that were not known prior to entering into the contract.

The ability to negotiate or withdraw provides buyers with a chance to ensure that their investment is sound and aligns with their expectations, thereby mitigating potential financial loss or dissatisfaction later on. Therefore, option B is the most accurate and reflects the rights and choices available to the buyer during the due diligence phase.

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