In a(n)__________,the potential buyer pays the seller for the right,but not the obligation,to purchase the property during a given time period.

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In an option contract, the potential buyer (option holder) pays the seller for the right to purchase the property during a given time period, but is not obligated to do so. This type of contract is commonly used in real estate transactions as a way for the buyer to secure the right to buy the property at a specified price, while allowing them time to evaluate the property or secure financing.

In A(n)__________,the Potential Buyer Pays the Seller for the Right,but