Contracts
A unilateral contract in real estate is best illustrated by a(n):
APurchase and sale agreement
BListing agreement
COption contract✓ Correct
DProperty management agreement
Explanation
An option contract is a unilateral contract in which the seller (optionor) makes a promise to keep an offer open for a set period. The buyer (optionee) is not obligated to purchase but may exercise the option.
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