Register
Buyer Brittany has a signed document that would allow her to purchase a property within one year at an agreed upon price. Which contract feature allows this type of agreement?
219k views
1 vote
Buyer Brittany has a signed document that would allow her to purchase a property within one year at an agreed upon price. Which contract feature allows this type of agreement?

User Khior
by
6.2k points

1 Answer

2 votes

Answer:

a purchase option

Step-by-step explanation:

A purchase option in a real estate contract allows the buyer to purchase a property within a certain specified of time for an agreed price. For example, I have a purchase option that allows me to buy an apartment within 6 months for $150,000.

While the purchase option is valid, the seller cannot sell or transfer the property to another buyer.

User Sigman
by
6.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.8m answers

Other Questions

One reason that businesses want to combine with other businesses is to A. avoid taxes. B. delay expenses. C. hire more workers. D. reduce expenses.
Which of the following possesses the sole power to create revenue bills?
Which of the following is an example of a fixed expense? A.) Clothing B.) Rent C.) Food D.) Entertainment
A ______ is "the basic interpretive mechanism to let people know what an organization is doing and are sent out to editors and reporters in hopes of stimulating favorable stories about their organizations"
All of the following are fees typically charged by credit card companies EXCEPT: A. Late payment fee B. Balance Transfer fee C. Annual membership fee D. Reload fee
Link Copied!