Option Contracts: What are they? Real estate license exam questions.

When a seller lists their home for sale in the traditional real estate market, they have the option of considering a variety of purchasers and selling to anyone they choose. However, when an option contract is added to the equation, everything changes. In this video, we'll be discussing option contracts! Here are the chapters for this video, feel free to jump around accordingly: 0:00 Introduction 0:19 Option Contract Definition 1:04 Option Contract Components 1:24 What's the Purpose of an Option Contract? 2:11 Option Contract Example 3:15 Option Contracts and Real Estate Investing 4:11 What is a Lease Option Contract? 5:14 What is an Option Fee and Earnest Money? 8:25 What Do You Need to Know for the Exam? #realestate #realestateexam #realestatelicense -=-=-=-=- Don’t forget to like and subscribe for more! Want to learn more about the smart way to get your real estate license and start a successful real estate career? Then make sure to visit the Real Estate License Wizard, getting started is easy. Just click the page below: https://realestatelicensewizard.com