An offer to purchase is a contract.

• A. True
• B. It depends
• C. False
• D. Only after signatures

Answer: (C)

In real estate practice, an offer to purchase is a proposal, not a binding contract by itself. It lays out the terms the buyer is offering, but it only becomes a contract once the seller accepts it in a way that creates mutual assent—typically through written acceptance and signatures. Until that happens, the buyer can usually withdraw or modify the offer, and the seller can reject or counter-offer. Any conditions included (like financing or inspections) don’t by themselves make the offer a final contract; those conditions simply govern when the agreement becomes fully binding and when closing can occur. So the statement is not true because the binding contract exists only after acceptance and signing, not simply because an offer to purchase has been made.