Contracts
In Ohio, a real estate purchase contract becomes binding when:
AThe buyer signs the offer
BThe seller signs and the buyer is notified of acceptance✓ Correct
CThe earnest money is deposited
DThe title search is ordered
Explanation
A contract is formed when the seller signs the offer and the buyer is notified of that acceptance. Notification of acceptance is essential for mutual assent.
Related Ohio Contracts Questions
- What is a completion bond vs. a performance bond in construction?
- What is the legal effect of inserting 'time is of the essence' in an Ohio real estate contract?
- Which of the following BEST describes an 'as-is' clause in an Ohio purchase contract?
- In Ohio, if a seller rejects a buyer's offer outright without making a counteroffer, the buyer's offer:
- What is the Statute of Frauds requirement for Ohio real estate contracts?
- What is a material fact in real estate disclosure?
- A 'contingency' in an Ohio real estate contract is:
- An Ohio purchase contract contains an 'as-is' clause. This means the buyer:
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →