In real estate parlance, the' Contract' is the legal document by which buyer and seller make offers and counteroffers. The real estate contract describes the property, includes or excludes items in the property, names the price, apportions the closing costs between the parties and sets forth a closing date. When buyer and seller agree on terms and sign the same document, the property is said to be "under contract." More formally known as agreement for sale, purchase agreement or earnest money contract.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). contract. Retrieved September 20, 2026, from http://smartdefine.org/contract/definitions/1150667 |
| Chicago | Barry Goldsmith. 2010. "contract" http://smartdefine.org/contract/definitions/1150667 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, contract, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/contract/definitions/1150667>. |
| MLA | Barry Goldsmith. "contract" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/contract/definitions/1150667> |