To obtain a true option, what must a broker do?

To obtain a true option, a broker must pay a definite, valuable consideration, which is usually a monetary payment made to secure the option. This consideration is essential because it legally binds the seller to the terms of the option agreement, ensuring that the seller cannot sell the property to anyone else for the duration of the option. In addition to this payment, in the context of a true option, the broker must divest him or herself of their identity as a broker, which means they cannot act in their professional capacity during the transaction. This requirement helps to differentiate the broker's transactional role from that of a buyer, thus changing the dynamics and legal standing of the option agreement. This dual requirement supports the integrity and enforceability of the option by making it clear that the broker is acting as a purchaser and has a genuine interest in the property, rather than simply operating in a professional capacity.