Contracts
What is 'tender' in the context of performing a real estate contract in Oregon?
AAn offer of monetary assistance from the seller
BA formal offer to perform one's obligations under the contract, demonstrating readiness, willingness, and ability to perform✓ Correct
CThe process of delivering the deed to escrow
DA request for an extension of the closing date
Explanation
In contract law, tender is a formal offer to perform — e.g.
Related Oregon Contracts Questions
- What is an 'acceleration clause' in an Oregon mortgage or deed of trust?
- Under Oregon law, a listing agreement is a contract between:
- An Oregon buyer makes a written offer to purchase a property. Before the seller accepts, the buyer changes their mind. The buyer may:
- A seller counter-offers at a different price. The buyer does NOT accept. The status of the original offer is:
- An Oregon seller accepts a buyer's offer at 9:00 AM and notifies the buyer's agent at 10:00 AM. At 9:30 AM, the buyer had emailed a revocation of the offer. The contract is:
- A property in Portland is listed at $650,000. The buyer offers $625,000. The seller counters at $640,000 with a 48-hour deadline. Before the deadline passes, the seller accepts a higher offer from another buyer. This is:
- In an Oregon residential sale, which document typically contains the inspection contingency, earnest money details, and closing date?
- What does 'specific performance' mean as a remedy in an Oregon real estate contract?
Practice More Oregon Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oregon Quiz →