[Georgia Real Estate] 19, Offer Acceptance and Contract Formation

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The essential legal elements of a valid contract under national principles and Georgia's Statute of Frauds.

- How the mirror image rule functions and why any proposed modification acts as a counteroffer.

- Why written acceptance must be delivered to the offeror or their agent before a contract becomes binding.

- Key distinctions between state statutory mandates and negotiated terms like earnest money and due diligence.

- How Georgia's attorney closing rule separates legal services from licensee activities.

This independent study resource helps candidates prepare for the Georgia Real Estate Salesperson Exam. Access free practice questions and exam prep tools at https://open-exam-prep.com/practice/ga-real-estate and watch video tutorials on YouTube at https://www.youtube.com/@Open-exam-prep .

Sources checked: September 14, 2026:

- https://rules.sos.ga.gov/gac/520-1

- https://grec.state.ga.us/

- https://dor.georgia.gov/