Offer and Acceptance

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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Real Estate Contracts

Section 5 of 45

A contract begins when:One party (the offeror) makes an offerThe other party (the offeree) accepts that offer.A contract is formed the moment the acceptance is communicated to the offeror. Both parties must clearly understand and agree to the same terms. This shared understanding is called a meeting of the minds.