Atlanta Partners Real Estate School 1 Questions And Answers.

Atlanta Partners Real Estate School 1
exercising the option occurs when the optionee... - chooses to buy the property



during the option period, the interest in the property held by the optionee is... - no legal interest



during the option period, the interest in the property held by the optionor is... - legal title



when an option is exercised by a sales contract, but the sale has not closed, the interest held by the
optionee is... - equitable title



during the option period, the interest in the property held by the optionor is.. - legal title

Option - a contract which gives the right to buy a property

a right to buy property which has no fixed price and no time limit is called.. - right of first refusal