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Conditional Offer

Conditional Offer

A conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer’s offer on a home is contingent on something getting done for the purchase to go through. In other words, something has to occur before a sales transaction is finalized.

A conditional offer can also refer to an offer of employment contingent on meeting certain conditions. These could include passing a background check, medical clearance, visa clearance, and reference checks.

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