Which statement describes an option contract in real estate?

Which statement describes an option contract in real estate?

• A. An option contract is a unilateral contract where the seller promises to sell if the buyer performs a specified action, typically supported by an option fee.
• B. A bilateral contract where both sides promise to perform on an agreed date.
• C. A lease contract with an option to renew.
• D. A deed with conditions.

Answer: (A)