We're going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here. NOTE: For the definition of "COLLECTION" or "COLLECTED" see STANDARD S. 42. 3.TIME FOR ACCEPTANCE OF OFFER AND COUNTER-OFFERS; EFFECTIVE DATE: 43. In Broward County and Palm Beach County, Florida, it is common for a buyer to present a signed contract to the seller as their offer for the property.