ContractsOption_fee_and_earnest_moneyMEDIUM
The option fee in a Texas contract is:
Correct Answer
C) Non-refundable but may be credited to price
The option fee is non-refundable but is typically credited to the sales price if the buyer proceeds.
Answer Options
A
Always refundableB
Credited to the purchase price at closingC
Non-refundable but may be credited to priceD
Held in escrow until closingVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
texas-option-contractsearnest-money-depositsowner-financing-alternatives
Key Terms:
option feeoption periodnon-refundableearnest money distinctionTREC contract
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