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The main purpose of FHA is to:

a. promote home rentals by guaranteeing loans made by approved lenders. b. promote home ownership by guaranteeing loans made by approved lender. c. promote home ownership by insuring loans made by approved borrowers. d. promote home ownership by insuring loans made by approved lenders.

Which is true concerning an option:

A: Title acquired by exercising an option usually dates back to the time of the option and cuts off intervening rights acquired with knowledge of the existence of the option; B: Only the optionor is bound to a sale; C: The optionee has no interest or estate in the land; D: All of the above statements are true.