In real estate a contract is considered an executed contract when both buyer(s) and seller(s) have signed the contract.

A real estate contract can be considered executed without being delivered signed to the other party; for example: The Buyer submits a signed offer to purchase the home of the seller. The seller receives the contract and shortly after signs the offer, making this an executed contract. Even though the buyer has not yet seen the signed contract, and is only verbaly made aware that the contract was signed by the seller, the contract is now an executed contract to purchase real estate.