Contracts
In Virginia, the right of first refusal in a real estate contract gives the holder the right to:
APurchase the property at any price they choose
BMatch any bona fide offer the owner receives before selling to another party✓ Correct
CRefuse to allow the property to be sold for a period of time
DFirst priority in financing the purchase
Explanation
A right of first refusal (ROFR) gives the holder the right to purchase the property by matching any bona fide third-party offer before the owner accepts it. The owner must give the ROFR holder an opportunity to match.
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