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14 December, 21:16

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?

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  1. 14 December, 21:24
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    a purchase option

    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.
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