Offeree Offerer

Definition of "Offeree, offerer"

The former is the individual to whom the offer is presented, while the latter is the person proposing the offer. The same individual may play both roles. For example, an individual, acting as offerer, offers a listing of his home at $175,000. An offeror makes an offer to purchase the home at $155,000. The home owner, now acting as offeree, makes a counter offer of $165,000 to the offeror.

Search Real Estate Glossary

Related Real Estate Glossary terms

Retail Land Developer

Business that transforms an underdeveloped tract of land into plots ready for construction. ...

Freehold

Unlimited interest in property. A freehold estate may be a fee simple or file estate. Freehold estat ...

Flexible Rate Mortgage (FRM)

Mortgage that has an interest rate that changes based on some event. For example, the interest rate ...

Earthquake Insurance

Comprehensive insurance policy rider or available as a separate policy indemnifying property against ...

Lot And Block Description

Method of referring to property which has been platted in a plat book in the public records. The lot ...

Forfeiture Of Vested Benefits

Relinquishment of rights to benefits when an employee withdraws previous contributions to a plan. An ...

Related Real Estate FAQ

How Can I Protect My Home Office?

Commercial insurance is designed to help protect many of the risks your business can face, includin ...

What Is An Escrow Officer?

An escrow officer - also known as a loan officer - is the person that walks you through the closing ...

What Is Hazard Insurance?

Hazard insurance is insurance coverage that compensates for physical damage to a property from natur ...

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

How to Defray the Hidden Costs of Home Ownership What is Earnest Money How to become a real estate agent 7 Things to Consider Before Moving to a New City How To Sell Your Home

FAQ

What is Loan Amortization? What is a REALTOR®? What is commission? What does FSBO mean? What is a debt-to-income ratio?