# Real Estate Exam [Texas] 26, The Option Period

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-26-the-option-period
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-texas-26-the-option-period.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-05-11T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/3fbd6938-7fd1-4829-9eec-86c6fb810410.mp3
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Duration seconds: 189

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The Option Period is a buyer's unilateral right to terminate a contract for any reason, unique to Texas real estate. - The Option Fee is a non-refundable payment to the seller in exchange for the right to terminate during the option period. - Earnest Money is a separate, good-faith deposit that is generally refundable if the buyer terminates correctly within the option period. - Strict adherence to the termination procedure is required: written notice must be delivered to the seller by the deadline. - A common exam trap involves confusing the non-refundable option fee with the potentially refundable earnest money. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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