If a buyer places a deposit subject to zoning change but does not exercise the option in 90 days, what happens to his option?

The correct answer is that the buyer loses his option unless it is exercised. In real estate agreements involving an option to purchase or deposit subject to conditions such as zoning changes, the buyer typically has a specific time frame to exercise that option. When the buyer does not take action within the allotted 90 days, the option expires, and the buyer loses the right to purchase the property under those terms.

This reflects the nature of options in real estate transactions, where timely action is crucial to retain rights. If the buyer fails to meet the conditions or exercise the option within the specified time, they forfeit that opportunity. Other options that imply an extension or the ability to sell the option do not align with standard practices in real estate regarding the expiration of options tied to specific conditions.