The acquisition of real estate generally requires a written agreement between the parties. Which of the...

The acquisition of real estate generally requires a written agreement between the parties. Which of the following is not a written form typically used by a buyer and seller to transfer title of the property? A. An Option Agreement B. A Right of First Refusal Agreement C. A Purchase and Sales Agreement D. An Operating Agreement E. None of the Above

Solutions

Expert Solution

There is written agreement between the parties transacting a real estate.

This agreement between buyer and seller to transfer title of the property can take various forms -

1. It can be an option agreement.

2. It can be a right of first refusal agreement.

3. It can be a purchase and sales agreement.

However, an operating agreement is an agreement pertaining to Limited Liability Companies which includes the rules and regulations that govern the internal functioning of the company.

Hence, the correct answer is the option (D).

Rahul Sunny answered 1 year ago

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