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Rainmaker
5,271,847
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The answer from Google:

right of first refusal simply gives the potential buyer a chance to enter into a transaction before anyone else does. ... The fundamental difference between an option and a right of first refusal is that an option to buy can be exercised at any time during the option period by the buyer.

Sep 03, 2017 03:08 PM
Ambassador
1,615,029
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Should be in Chapter 6.

Sep 03, 2017 03:01 PM
Rainmaker
3,977,733
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Once again a question asked dozens of times

Sep 03, 2017 07:15 PM
Ambassador
4,066,330
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Nice to have Roy here to help with these.

Sep 03, 2017 05:56 PM
Rainmaker
2,765,939
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Have you heard of the Internet - Google Search?

Sep 03, 2017 04:19 PM
Rainmaker
4,877,756
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Roy Kelley gave the answer.... you should be following him.....

Sep 03, 2017 03:54 PM
Ambassador
2,345,139
Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 IDK

Sep 03, 2017 03:21 PM
Rainmaker
3,173,507
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Roy Kelley has you covered!

Sep 03, 2017 03:12 PM
Rainmaker
912,612
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

You optioned to not have a face nor profile and I exercised my first right of refusal to take you seriously.

Class dismissed.

Sep 04, 2017 08:56 AM
Rainmaker
558,623
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

It looks like Roy Kelley has already answered this one.

Sep 04, 2017 06:05 AM
Rainmaker
3,049,971
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Roy Kelley  nailed this one!

Sep 04, 2017 03:54 AM
Rainmaker
525,189
Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

The nose knows

Sep 03, 2017 09:05 PM
Rainmaker
2,710,241
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Many good answers.

Sep 03, 2017 08:32 PM
Ambassador
3,194,232
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

 

Roy Kelley's got you covered!

Sep 03, 2017 07:35 PM
Ambassador
3,981,968
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

The option has money paid that will be forfeited if the buyer doesn't buy. The seller is obligated to sell but the buyer is not obligated to buy. The first right buyer doesn't lose their money

Sep 03, 2017 07:00 PM
Rainmaker
1,207,792
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Roy Kelley gave u answer. 

Sep 03, 2017 06:00 PM
Rainmaker
2,982,593
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

The difference is pretty obvious. If it's not in your textbook, check out Mr Google for definitions.

Sep 03, 2017 03:03 PM
Rainmaker
1,458,595
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Roy did cover it. 

Sep 02, 2018 06:42 PM
Rainmaker
1,037,548
Valeria Mola
SIB REALTY - Sunny Isles Beach, FL
305-607-0709 SIB Realty

What a great answer Roy gave. 

Thank you.

Sep 02, 2018 06:08 PM
Rainmaker
4,796,557
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Two completely different things.

Sep 04, 2017 05:49 AM
Rainmaker
1,818,076
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

The consumer has greater rights with an option over the parcel 

Sep 04, 2017 04:17 AM
Ambassador
4,298,316
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Well, Roy Kelley nailed it...

Sep 03, 2017 10:59 PM
Rainmaker
4,323,136
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Roy Kelley gave you he answer.

Sep 03, 2017 10:07 PM
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Roy has answered.

Sep 03, 2017 04:47 PM
Rainmaker
1,367,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

The first right of refusal gives the tenant the opportunity to purchase the property should the owner wish to sell. An option gives a purchaser the right to purchase a property within a specified period of time agreed by both parties. An option must have consideration up front. Should the optionee not exercise the option, the consideration is forfeited to the optionor.

Sep 04, 2017 06:45 AM
Rainmaker
1,037,744
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

The option is just that... and usually involves a fee that is paid whether or not it is exercised.

Jan 04, 2018 10:52 AM
Rainmaker
725,370
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's best to look that up to get an accurate answer.

Sep 05, 2017 09:57 AM
Rainmaker
863,526
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Roy Kelley got this one. 

Sep 04, 2017 12:37 PM
Rainmaker
1,213,009
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

The the rap song says: "Look, look, look it up."

Sep 04, 2017 09:22 AM
Rainmaker
985,899
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

Meningless law school question. 99% agents never had an option sale in their life time.

Sep 04, 2017 07:46 AM
Rainer
1,240
Jeremiah Melville
jeemiahmelville - New York, NY