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6 Cards in this Set
- Front
- Back
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Allows the seller to keep the property on the market until a contingency is satisfied or waived |
Bump clause |
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When a contingency is not fufilled, what does it cause? |
Terminates the contract. Earnest money is refunded |
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Do buyer pay for a rejected inspection report? |
No |
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Where is the clause that reaffirms the obligation to pay the brokerage fee included? |
In the purchase and sale agreement |
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What is the purchase and sale agreement form filled out as? |
The buyers offer to purchase |
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Usually treated as a liquidated damage if the buyer defaults |
Earnest money deposit |
