Acceptance refers to the act of agreeing to the terms and conditions of a contract or offer. In real estate transactions, acceptance typically refers to the buyer agreeing to purchase a property for a specific price and under specific terms and conditions. Once the buyer has accepted the offer, the contract is considered legally binding, and both parties are obligated to fulfill their obligations under the contract.
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What does acceptance mean?
Related terms
Debt
Agreed Boundary
Dropped Ceiling
Zoning
Chain of Title
Project Budget
Interest Rate Buy-Down Plans
Assignment/Subletting
Repayment Plan
Cancellation Clause
Loan Commitment
Verification of Deposit
Live-In Partnership
Gross Income
Sweat Equity
Special Deposit Account
Tenant Improvements
Equal Credit Opportunity Act.
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