This was sent to me my Leon Koh, a very helpful realtor:
" Btw please be careful when selling options:
Case study
After seller sells the property to buyer A, buyer A decide to resell the option to buyer B.
Buyer B will wait for the last day of the option, before exercising the option and paying buyer A the different in price VIA CHEQUE.
However, the cheque bounced the next day!
At this time, the buyer B has exercised the option to his name and buyer A has no legal documents to claim back that resell profit Please be aware! "
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