How is an offer accepted in a real estate transaction?

In a real estate transaction, an offer is accepted when the seller signs the contract without alterations. Signing the contract indicates the seller's clear and unequivocal agreement to the terms proposed by the buyer. This action creates a binding contract, as it shows the seller's intent to accept the offer as it was originally presented. The acceptance must match the terms of the offer exactly; any changes or counteroffers would constitute a rejection of the original offer and a new proposal from the seller to the buyer.

While communication of acceptance, whether verbal or written, is crucial, the definitive act of acceptance in this context is represented by the seller's signature on the contract. Therefore, in real estate practice, the signed document serves as evidence of mutual consent, making it a key element in the formation of a legally enforceable agreement.