Contracts
A Florida real estate 'option' contract requires the optionee to provide 'consideration.' The consideration for the option is:
AThe purchase price itself
BA separate payment (option fee) for the right to purchase at the stated price during the option period✓ Correct
CThe cost of a title search
DThe appraisal fee
Explanation
An option contract requires the optionee to pay separate consideration (option fee/premium) to the optionor for the exclusive right to purchase the property at a stated price during a specified period. Without this consideration, the option is unenforceable.
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