Contracts
A right of first refusal in a real estate contract gives the holder the right to:
AAutomatically purchase the property at a set price
BMatch any offer received by the seller before the property is sold to another party✓ Correct
CPrevent the property from being listed for sale
DPurchase the property at a 10% discount
Explanation
A right of first refusal (ROFR) gives the holder the right to match any offer the seller receives before accepting it from a third party.
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