When a buyer inspects a property sooner than required, what is this an example of?

Study for the CAS 45-Hour Real Estate Principles Course Test. Utilize flashcards and multiple choice questions to prepare thoroughly. Each question is paired with hints and explanations. Get ready to excel in your exam!

When a buyer inspects a property sooner than required, this is an example of the performance of the contract. In real estate transactions, parties are usually bound by the terms set forth in the contract, which outlines the obligations and timelines for actions such as inspections. By conducting the inspection earlier than stipulated, the buyer is still fulfilling their part of the contract, but they are doing so ahead of the expected timeline. This proactive approach can demonstrate the buyer's seriousness and commitment to the transaction, potentially benefiting both parties by facilitating a quicker resolution of any issues that may arise from the inspection process.

The other options, while relevant to contract law, do not apply to this situation. A breach of contract would imply that a party failed to meet their contractual obligations, which is not the case here. Adjusting the contract terms would typically require mutual agreement between the parties to change specific conditions, which is not the case with an early inspection. Lastly, contract invalidation suggests that the contract is no longer enforceable, and an early inspection does not trigger this outcome.

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