In a negotiation where Buyer A wants to purchase Seller B's property for $300,000 and Seller B counters at $350,000, who is the offeror?

In a negotiation where Buyer A wants to purchase Seller B's property for $300,000 and Seller B counters at $350,000, who is the offeror?

• A. Buyer A
• B. Seller B
• C. Both Buyer A and Seller B
• D. Neither Buyer A nor Seller B

Answer: (B)

In the context of real estate negotiations, the role of the offeror is defined by who presents the offer to purchase or sell a property. In this scenario, Buyer A initially presents an offer to buy Seller B's property for $300,000, making Buyer A the initial offeror. However, when Seller B provides a counteroffer of $350,000, Seller B becomes the offeror in that specific instance. The counteroffer effectively replaces the original offer from Buyer A. In real estate transactions, a counteroffer indicates that the seller is not accepting the initial terms but is proposing new terms. Hence, in this situation, Seller B is now the one extending an offer to Buyer A, indicating the willingness to sell under the proposed conditions. This clear shift in the role of the parties involved illustrates why Seller B is identified as the offeror after issuing the counteroffer, even though Buyer A initiated the conversation with their original proposal.

In the context of real estate negotiations, the role of the offeror is defined by who presents the offer to purchase or sell a property. In this scenario, Buyer A initially presents an offer to buy Seller B's property for $300,000, making Buyer A the initial offeror. However, when Seller B provides a counteroffer of $350,000, Seller B becomes the offeror in that specific instance.

The counteroffer effectively replaces the original offer from Buyer A. In real estate transactions, a counteroffer indicates that the seller is not accepting the initial terms but is proposing new terms. Hence, in this situation, Seller B is now the one extending an offer to Buyer A, indicating the willingness to sell under the proposed conditions.

This clear shift in the role of the parties involved illustrates why Seller B is identified as the offeror after issuing the counteroffer, even though Buyer A initiated the conversation with their original proposal.