Contracts
An option contract in real estate gives the optionee (buyer) the:
AObligation to purchase the property within the option period
BRight but not the obligation to purchase the property within a set time✓ Correct
CRight to list the property for any price during the option period
DAutomatic ownership of the property when the option is signed
Explanation
An option contract gives the optionee the right to purchase the property at an agreed price within a specified time period, but does not obligate them to do so. The option consideration is typically non-refundable.
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