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Usually the other way around - you sign THEN they sign. To demystify the process most agent use in Victoria: 1. The agent makes multiple copies of the s32 and contract. 2. Each potential buyer making an offer will sit down with the agent, and fill in 3 copies of the contract/s32 bundle...

The vendor can't "accept" anything until your friend's offer is presented on a signed contract stating conditions/settlement days etc. Once the vendor signs this, the offer is accepted. Anything else is just informal noise. Cheers, The Y-man