PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
A counteroffer is a response to an offer that changes a term and proposes a new bargain.
Contracts
Contract formation
Define, distinguish, apply, retrieve
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PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Counteroffer mean?
A counteroffer is a response to an offer that changes a term and proposes a new bargain. It generally rejects the original offer, making the counterofferor the new offeror.
How do you separate the nearest exam answer?
An acceptance agrees to the offered terms without change. A counteroffer changes a term. A request for information may ask a question without rejecting the offer.
What changes or stays the same in Georgia?
Georgia exam questions apply the national contract rule. Even a small change to price, closing date, included property, or another material term can create a counteroffer.
A seller signs the buyer's offer but changes the closing date from June 1 to June 15. The seller has made a counteroffer.
Do not treat a signed response as acceptance when handwriting or an addendum changes a term.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
A buyer offers $300,000 with a June 1 closing. The seller signs the offer but crosses out June 1, writes June 15, and initials the change. The buyer has not responded. What is the status?
- A
A binding contract exists with a June 15 closing
- B
The offer is rejected, and the seller is now the offeror
- C
A binding contract exists with a June 1 closing
- D
The seller's change is only a request for information
Changing any term of an offer makes a counteroffer, which rejects the original offer and turns the seller into the offeror. No contract exists until the buyer accepts the June 15 date. The seller's signature makes the first option look right, but a signed response that changes a term is not an acceptance.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
PASS GEORGIA
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Contracts complete lesson
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