Contracts
Which party in a real estate contract is called the 'offeree' when a buyer submits an offer to purchase?
AThe buyer, who is making the offer
BThe seller, who receives the offer✓ Correct
CThe listing broker, who presents the offer
DThe buyer's mortgage lender
Explanation
The 'offeror' is the party making the offer (the buyer in a typical real estate purchase). The 'offeree' is the party receiving the offer (the seller). The seller must accept the offer for a binding contract to be formed.
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