Choose the one most appropriate answer for each.
-the right to match or better an offer before the property is sold to someone else
A) "as is"
B) bill of sale
C) binder
D) closing date
E) delayed exchange
F) dry rot
G) earnest money deposit
H) equitable title
I) installment contract
J) lease-option
K) letter of intent
L) loan commitment
M) optionee
N) option fee
O) prorating
P) purchase contract
Q) qualified intermediary
R) right of first refusal
S) "time is of the essence"
T) vendee
Correct Answer:
Verified
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