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So you are interested in starting a real estate broker business but you need a refresher on some of the legal terms associated with the real estate industry. You have come to the right place to review the ins and outs of a lease option and a lease agreement. Unfortunately many people mistakenly assume that a lease agreement and a lease option are the same thing. If you are going to broker any real estate deals and be successful in your broker business then you should understand the difference between the two terms.