Contracts
A Connecticut real estate option contract must be supported by:
AA verbal promise only
BConsideration paid by the optionee (buyer) to keep the offer open✓ Correct
CMultiple witnesses
DApproval from the Connecticut Real Estate Commission
Explanation
An option contract requires consideration (typically money) paid by the buyer to the seller in exchange for the seller's promise to keep the offer open. Without consideration, the option is not enforceable.
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