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Rainmaker
7,834,939
Roy Kelley
Retired - 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
Rainmaker
1,712,676
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
3,986,258
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
6,392,879
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Nice to have Roy here to help with these.

Sep 03, 2017 05:56 PM
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Have you heard of the Internet - Google Search?

Sep 03, 2017 04:19 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

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

Sep 03, 2017 03:54 PM
Ambassador
2,684,009
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 IDK

Sep 03, 2017 03:21 PM
Rainmaker
5,215,388
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Roy Kelley has you covered!

Sep 03, 2017 03:12 PM
Rainmaker
1,543,225
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego

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
599,274
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
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Roy Kelley  nailed this one!

Sep 04, 2017 03:54 AM
Rainmaker
544,014
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

The nose knows

Sep 03, 2017 09:05 PM
Rainmaker
4,160,025
John Pusa
Glendale, CA

Many good answers.

Sep 03, 2017 08:32 PM
Ambassador
5,228,997
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

 

Roy Kelley's got you covered!

Sep 03, 2017 07:35 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

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
1,231,853
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
5,104,806
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte 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
2,071,025
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL

Roy did cover it. 

Sep 02, 2018 06:42 PM
Rainmaker
1,598,452
Valeria Mola
SIB Realty - Miami, Sunny Isles Beach - Sunny Isles Beach, FL
305-607-0709 SIB Realty Condos for Sale and Rent

What a great answer Roy gave. 

Thank you.

Sep 02, 2018 06:08 PM
Rainmaker
4,800,082
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
2,182,502
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
Rainmaker
4,319,419
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
5,772,575
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
4,434,127
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
1,466,207
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
1,045,440
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
900,008
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
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Roy Kelley got this one. 

Sep 04, 2017 12:37 PM
Rainmaker
1,502,848
Ryan Huggins - Thousand Oaks, CA
https://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
1,239,801
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