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부동산

Real Estate Law 52

2019.05.10 12:51 Views : 96

Check Your Understanding Answers

  1. What is a contingency clause?

    A contingency clause is a condition attached to an offer to purchase property which must be met in order to make the purchase offer binding.
     
  2. What are the two ways to write a “sell” contingency?

    A settlement contingency and a sale and settlement contingency
     
  3. What is a “kick-out” clause?

    A sale and settlement contingency with the right to continue marketing a property after a contract has been accepted but not satisfied.
     
  4. List two general guidelines to follow when working with contingencies. (Additional correct answers on page 60.)
    • The fewer contingencies the more attractive the offer will be to the seller.
    • If possible, limit the offer to a single contingency.
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Notice 부동산 용어 (A to Z) 2019.03.03 1336
171 Chapter 15 Quiz 2019.04.29 158
170 Real Estate Law 62 2019.05.12 159
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164 Chapter 9 Quiz 2019.04.15 163
163 Chapter 2 Review (3) 2019.05.04 163
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159 Chapter 2 Review (5) file 2019.05.04 168
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