The real estate market is driven by contracts.Both the seller and buyer representation agreements are contracts. Options are contracts, and an offer is the first half of a sales contract.Leases and management agreements are contracts.
Every aspect of the real estate business involves contracts and every one involved in a real estate transaction.
even those who are not real estate professionals,should understand what a contract means!
A real estate professional should know not only what a contract means, but also how one is created, what is required of the parties to the contract, and how the contract is concluded