What is a meeting of the minds

When a real estate agent produces a ready, willing, and able buyer this is also known as:

  1.  a meeting of the minds
  2.  an implied contract
  3.  a unilateral contract
  4.  title provision

The answer is A – To have a meeting of the minds, one needs:

1. An offer and acceptance

2. Description of the subject property

3. Consideration

4. Terms

Each side must be clear and agree as to the essential details, rights, and obligations of the contract.