In real estate terminology, what is the offer to perform on the terms agreed called?

In real estate terminology, the offer to perform on the terms agreed is referred to as "tender." Tender signifies the act of expressing an intention or readiness to fulfill the obligations of a contract. It generally refers to the performance or delivery of something in accordance with the terms specified in an agreement.

When parties in a contract reach an agreement and one party offers to perform their part, this is characterized as a tender. For example, if a buyer is ready to provide earnest money or a seller is prepared to deliver the title to the property, they are both essentially tendering their respective responsibilities in the transaction.

While acceptance symbolizes the agreement of a party to the terms proposed, a contract refers to the overall agreement between the parties. An affidavit is a written statement confirmed by oath or affirmation, usually pertaining to facts relevant in legal matters. Thus, in the context of the term being requested, tender accurately reflects the action of performing or agreeing to terms within a real estate transaction.