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Real Estate Licensing Massachusetts-Real-Estate-Salesperson Exam - Topic 5 Question 10 Discussion

Actual exam question for Real Estate Licensing's Massachusetts-Real-Estate-Salesperson exam
Question #: 10
Topic #: 5
[All Massachusetts-Real-Estate-Salesperson Questions]

A person acquires an option to purchase a parcel of another person's land. Which of the following statements is correct?

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Suggested Answer: B

Comprehensive and Detailed Explanation (150--250 words):

An option contract is a unilateral contract in which the seller (optionor) grants the buyer (optionee) the exclusive right to purchase property at a specified price within a set time. For the option to be valid, the terms and conditions of the future sale must be clearly stated (price, property description, and time period). Consideration (option money) must also be given.

A: Incorrect because only the optionor (seller) is obligated; the optionee (buyer) is not required to purchase.

C: Option consideration is not automatically applied unless the contract specifically states it.

D: Reverses the roles; the seller is the optionor, the buyer is the optionee.

Thus, the correct answer is B.


by Marylyn at Jan 22, 2026, 01:01 PM

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Lauran
1 day ago
This question is a classic real estate law topic. I hope I get it right!
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Esteban
6 days ago
Acquiring an option is a common way to secure land for future development.
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Malissa
11 days ago
The option gives the holder the right, but not the obligation, to buy the land.
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Krystina
17 days ago
The option to purchase land is a type of real estate contract.
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Jacqueline
22 days ago
I believe the correct answer involves the seller's obligations once the option is exercised, but I need to double-check that.
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Brynn
27 days ago
I feel like there was something about the duration of the option and how it affects the buyer's rights, but I can't recall the specifics.
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Cathern
2 months ago
I remember a similar question about options in property law, and I think it had to do with whether the option creates an enforceable contract.
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Elly
2 months ago
I think the correct statement might relate to the rights of the option holder, but I'm not entirely sure how that works in practice.
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Shawnta
2 months ago
Hmm, let me think this through step-by-step. I need to make sure I differentiate an option from other types of land agreements.
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Dolores
2 months ago
No problem, I've got this. The correct statement is going to be about the option holder's ability to purchase the land at a predetermined price, I'm pretty sure.
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Viki
2 months ago
I'm a bit unsure about this one. I'll need to review my notes on real estate transactions to make sure I understand the nuances of land acquisition options.
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Kanisha
3 months ago
Okay, I've seen questions like this before. I think I know the key factors to consider here, like the rights and obligations of the option holder.
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Cordelia
3 months ago
Hmm, this seems like a tricky property law question. I'll need to think carefully about the different types of land acquisition options.
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