Ben and amanda are interested in a vacant, undeveloped lot. they are going to continue to live in their current home, pay off the lot's loan, and then build a new home on the lot. before closing on the purchase of the lot, they discover the zoning regulations permit nightclubs to be built in the immediate area. they specifically asked the broker about this issue and were told there was no reason to worry. what are ben and amanda's options, if any?
they do not have any options and must go forward with the sales contract or face a possible suit for breach of contract.
it is the word of the broker against theirs. if they did not get the broker’s assurance in writing, they have to proceed with the contract or face a suit.
they may rescind the transaction based on the misrepresentation of the broker.
both a and b