In a contract involving buyer Steffy and seller Clint, who is considered the optionor and who is the optionee?

In real estate transactions involving options, the terms "optionor" and "optionee" are critical for understanding the roles of the parties involved. The optionor is the party who grants the option, which typically involves giving the other party the right to purchase or lease a property at a specified price within a certain time frame. Conversely, the optionee is the party who receives this right.

In the scenario with buyer Steffy and seller Clint, Clint is the one who provides the option to Steffy, thereby granting her the right to buy the property. This means Clint is fulfilling the role of the optionor. On the other hand, Steffy, as the buyer, is the recipient of that option and is therefore referred to as the optionee.

This understanding is fundamental as it reflects the contractual relationship established between the parties. The optionor is bound by the terms of the option until it either expires or is executed, while the optionee has the opportunity (but not the obligation) to finalize the purchase during the specified time.