Wendy, the potential buyer, has an option fee attached to her offer. During the option period, she has all of the following options with the exception of:

When a potential buyer like Wendy includes an option fee with her offer, it establishes an option period during which she has specific rights. This period typically allows her to conduct due diligence, such as negotiating repairs with the seller or requesting a home inspection, to assess the property further.

Opting for a refund of the option fee within 10 days of payment is not typically a feature of the option agreement. The option fee is generally non-refundable, which means that once Wendy pays this fee, she does not have the right to reclaim it, regardless of her decision to proceed or cancel the contract. Thus, she can cancel the contract without penalty during the option period, but the option fee does not get refunded.

Understanding this dynamic of the option fee and the rights associated with the option period is crucial for buyers to make informed decisions in a real estate transaction.