Question

In a land contract or contract for deed, the seller who retains the fee simple title is referred to as the:

A » optionor
B » optionee
C » vendee
D » vendor

Answer 1

In a land contract or contract for deed, the seller who retains the fee simple title is referred to as the vendor. So, the correct answer is option d.

Step-by-step explanation:

In a land contract or contract for deed, the seller who retains the fee simple title is referred to as the vendor.

The vendor is the party who conveys the property to the buyer under a land contract. They retain the fee simple title, which means they still have ownership rights and control over the property until the buyer fulfills the terms of the contract.

For example, if a farmer sells their land to a builder under a land contract, the farmer would be the vendor. They would retain the fee simple title until the builder completes the payments and fulfills other conditions specified in the contract.

So, the correct answer is option d.