In the context of a real estate transaction, what is an example of concurrent conditions?

Concurrent conditions in a real estate transaction refer to obligations on both parties that must occur simultaneously to fulfill the terms of the contract. In this context, it involves situations where one party's performance is dependent on the other party's performance occurring at the same time.

The correct answer, which emphasizes the requirement of both the buyer bringing the money and the seller providing the necessary forms at the same time, illustrates this concept perfectly. Both actions need to occur for the transaction to proceed, which exemplifies the nature of concurrent conditions—each party's obligation is interdependent, with the completion of one task triggered by the completion of the other.

The other options do not fit the definition of concurrent conditions. For example, the seller preparing the property for viewing is a unilateral obligation that the seller must fulfill before the buyer can take any action. Similarly, the actions of the buyer signing the contract and the seller submitting it to the authorities represent sequential tasks rather than simultaneous ones. The retrieval of keys from the seller by the buyer indicates a completion of the transaction rather than a condition that needs to happen at the same time as another. Therefore, option B stands out as it directly highlights the simultaneous performance aspect of concurrent conditions in a real estate transaction.