Knowledebase Tag: Option Fee
- Can a buyer deliver the termination option fee to the title company?
- What time does the option fee need to be paid by under Paragraph 23 in the One to Four Family Residential Contract (Resale)?
- I represent a buyer who wants to make an offer on a home. If the buyer tenders a check for the option fee with the offer when I present the offer to the seller’s agent, has the option fee been tendered to the seller? And could the seller’s agent sign the receipt for the option fee on the last page of the contract?
- How does Paragraph 21, which states that notices can be effective when mailed, affect payment of the option fee under Paragraph 23?
