What is the timeframe for delivering the option fee to the seller or her broker after a contract is executed?

The correct choice indicates that the option fee must be delivered within three days of contract execution. This timeframe is crucial as it establishes the performance of the buyer in a real estate transaction regarding their commitment to enter into the contract. Timely delivery of the option fee demonstrates the buyer's intent to secure their right to purchase the property while also providing the seller with assurance that the buyer is serious about the transaction.

In many jurisdictions, real estate contracts include specific clauses outlining the responsibilities of both parties, including deadlines related to deposits and option fees. By adhering to this three-day timeframe, the buyer safeguards their interests and maintains good faith in the transaction process, while the seller benefits by having the financial backing of the buyer's commitment quickly.

Other options suggest either an earlier timing or a later timeframe for delivering the option fee, both of which do not align with the standard practices and expectations set forth in real estate contracts. As a result, the choice of three days reflects a common industry standard that balances the interests of both buyers and sellers effectively.