Last reviewed 10-31-2026Short-Sale.com Editorialglossary
Right of First Refusal
Fannie Mae
Updated 10-31-2026
Right of First Refusal
A provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before they offer it for sale or lease to others.
Fannie Mae Glossary of Terms
Fannie Mae · pp. 42–43
FTC
Updated 10-31-2026
Right of First Refusal
A provision in an agreement that requires the owner of a property to give another party the first opportunity to purchase or lease the property before he or she offers it for sale or lease to others.
FTC Real Estate Terms
FTC · p. 16
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