procure a purchaser definition
procure a purchaser means to obtain an unequivocal written offer, which in this case means an offer to pay $ at the time the seller specifies. A purchaser must be ready, willing, and able to pay $ . All three elements must exist before it can be said that the broker has procured a purchaser. The purchaser must not only be ready and willing, but must be able to pay $ . The purchaser need not have the required cash in hand, but must be able to command the necessary funds at the required time.