Final answer:
Until all terms are completed and escrow closes, the sales contract is considered pending or under contract, which is a stage in real estate transactions where the buyer and seller are bound by terms but the sale is not finalized.
Step-by-step explanation:
When a student asks, 'Until all the terms are completed and escrow closes, the sales contract is considered,' they are inquiring about a stage in the process of buying or selling real estate. Considering the terms of a sales contract, the answer to this question would be that the sales contract is considered pending or under contract until all terms are fulfilled and the escrow closes. This period is when both the buyer and seller are bound by the terms of the contract, but the sale is not yet final. During this time, various contingencies such as financing, inspections, and appraisals may need to be met before the deal is finalized and ownership can legally transfer. It is a crucial stage where any issues must be cleared, and the necessary paperwork must be completed to ensure the closing happens as anticipated.