Offer and Acceptance​​ The other party must clearly accept these terms for the contract to become binding. A legal resource guide for Nevada real estate licensees.An offer is a clear intention to enter into a legally binding agreement. It marks the first step in creating that agreement. Offer and acceptance are the fundamental building blocks of contract law, establishing a clear and mutual agreement between both parties. To have a valid agreement or contract, you need acceptance of an offer. In addition, the other party has to agree to the terms of the deal. A Nevada real estate contract is a legally binding contract that is drafted when a buyer makes an offer on real estate that is for sale.