When a prospective buyer makes a written purchase offer that the seller accepts then the quizlet?

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When a prospective buyer makes a written purchase offer that the seller accepts then?

When a prospective buyer makes a written purchase offer that the seller accepts, then the: Buyer receives equitable title to the property. A bilateral contract is one which: The promise of one party is given in exchange for the promise of the other party.

When showing a property to a prospective buyer the agent should quizlet?

When showing a property to a prospective buyer, the agent should: Show unoccupied property first to give the owner-occupants a chance to prepare for the showing. The front-end ratio is: The total monthly housing payment divided by the gross monthly income.

What is another name for an offer to purchase quizlet?

What is a purchase agreement? is the buyer's documented offer to the seller to purchase the property identified in the agreement. Other names for it are : the offer to purchase, sales agreement, contract of purchase and sale, purchase agreement, and earnest money agreement.

What is the effect of an option quizlet?

An option is an enforceable contract in which the optionor (seller) gives the optionee (buyer) the right to purchase the property before a determined time for a stated price and terms. List four things an option does to the advantage of the optionee.

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