At what point is a seller obligated to a buyer?

At what point is a seller obligated to a buyer?

We recently made an offer on a house. The listing agent emailed us the following day with a counteroffer that we promptly accepted, also through email. The next day we received another email from the listing agent saying that this was a multiple offer situation to bring our best offers. Wasn’t the seller already obligated to us?

Asked on February 29, 2012 under Real Estate Law, California

Answers:

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