Final answer:
The offer can be submitted even if a lawyer's information is not available at the time of acknowledgment, but it's important for legal representation to be involved to protect the interests of all parties involved and address any issues of imperfect information.
Step-by-step explanation:
When either a seller or a buyer does not have their lawyer's information at the time of signing the acknowledgment, the offer can still be submitted. However, it is important to have legal representation to ensure that all contractual obligations are understood and all parties' interests are adequately protected. Submitting an offer without a lawyer's information might expose both parties to legal risks and misunderstandings.
Lawyers play a crucial role in negotiating and reviewing the terms of a real estate transaction, addressing any imperfect information that could impact the agreement. It's often recommended that legal counsel is involved early in the process to facilitate a smoother and more secure transaction.