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An option to purchase agreement gives a home buyer the exclusive right to purchase a property within a specified time period and for a fixed or sometimes variable price. This, in turn, prevents sellers from providing other parties with offers or selling to them within this time period.

Option to Purchase The seller is legally prevented from selling the real estate while the option holder decides whether or not he or she wants to buy the property. Essentially, from the seller's perspective, he or she has made a deal to sell the home to the option holder if the option holder so chooses to buy.

(4m) ?One-party listing? means a written listing contract containing all of the elements of an exclusive right to sell listing, except that listing firm is entitled to a commission only if the property is sold by the owner, by the firm, or by anyone else to a specific party or parties identified in the written listing ...

An Offer to Purchase Real Estate is a legal document that outlines the terms and conditions under which a buyer is willing to purchase a property from a seller. It serves as a formal proposal and initiates the process of a real estate transaction.

In addition to the WB forms and forms prepared by government agencies, brokers can also use forms prepared and approved by the State Bar of Wisconsin, including deeds, mortgages and land contracts as well as out-of-state forms for out-of-state real estate and business transactions.

Gives the buyer an option to purchase property. Contains provisions and definitions to clarify the specific areas of the property represented.