What term describes the person making an offer in a real estate transaction?

The term that describes the person making an offer in a real estate transaction is "offeror." In the context of contracts, the offeror is the individual or party that initiates the proposal to enter into a legally binding agreement. This term is essential in understanding contract law, as it delineates the roles involved in an offer and acceptance process.

When an offer is made, it invites the other party, known as the offeree, to accept the terms of the deal. The ability to identify who the offeror is provides clarity in negotiations and legal interpretations. Understanding this term is crucial for real estate professionals, as the dynamics of offers and negotiations are fundamental components of the buying and selling process.

In contrast, the other terms listed refer to different roles in a real estate transaction: the offeree is the party receiving the offer, the broker is a licensed individual who facilitates real estate transactions, and the agent represents one of the parties in the transaction. Recognizing these distinctions helps clarify the responsibilities and actions of those involved in real estate dealings.