Colorado Real Estate National Exam Practice Exam Accurate 100%

which of these is a correct formula for calculations related to income-producing property? - ANSWER rate of return x value = net operating income an optioner and optionee entered into an option contract for an industrial building. the optionee decided not to purchase the property. the optioner sued the optionee for breach of contract. assuming the optioner received an option fee, what damages will the optioner likely receive in the lawsuit? - ANSWER none of these. explanation: an optioner (owner) receives an option fee for keeping an offer open while an optionee (prospective buyer) decides whether they'll buy the property. if the optionee decides not to buy the property, the optioner has no legal recourse other than to keep the option fee.