California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and multiple-choice questions, each question includes hints and explanations. Get ready to ace your exam!

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Which of the following would be considered an offer in a real estate transaction?

Condition
Covenant
Performance
Tender

The correct answer is: Tender

In the context of a real estate transaction, an offer is a proposal made by one party to another indicating a willingness to enter into a contract on specified terms. Tender is a term often used in the context of offers, particularly referring to the act of presenting something formally, such as an offer to buy or sell property. When one party tenders an offer, it means they are formally proposing to enter into an agreement, which is essential for the negotiation process in real estate. Tender captures the essence of proposing an agreement, making it a clear form of an offer that can lead to further negotiations or actions, such as acceptance or counteroffers. The other terms listed—condition, covenant, and performance—do not convey the same intent to initiate a contract. Conditions are requirements that must be met for the contract to be valid, covenants are agreements or promises within a contract, and performance refers to completing the terms of the contract, none of which serve as an offer in and of themselves.