In the context of making an offer to purchase real estate, who is the offeror?

In the context of making an offer to purchase real estate, the offeror is the buyer making the offer. The offeror is the party who initiates the transaction by expressing a willingness to purchase the property under specified terms. This is a fundamental concept in contract law, where the individual or entity that proposes the terms of an agreement is designated as the offeror.

While the seller, broker, and lender play important roles in the real estate transaction process, they do not serve as the offeror. The seller is the recipient of the offer, the broker facilitates communication and negotiations between the buyer and seller, and the lender may provide finance for the transaction but does not influence the making of the offer itself. Understanding the role of the offeror is key in real estate transactions as it sets the stage for negotiations and potential acceptance of the offer.