Optionor: property owner who gives the right in an option contract - the only party who is obligated either to do or not do something.

• A. The optionee
• B. The optionor
• C. The broker
• D. The seller

Answer: (B)

In a real estate option contract, the party who grants the right is the one with the obligation. The optionor is the property owner who gives the option to buy. If the option is exercised, the optionor must proceed to sell under the agreed terms; if the option isn’t exercised, there’s no obligation to complete a sale. The optionee, on the other hand, has the right to buy but isn’t obligated to do so—they can choose to exercise the option or walk away, typically after paying the option fee. The broker’s role is to facilitate the transaction, not to bear the contractual obligation to sell or not sell. Therefore, the property owner who grants the option is the optionor.