Contracts
A purchase contract includes a seller's right to continue showing the property. If the buyer does not remove their contingency within a specified time after receiving a backup offer notice, the contract:
AAutomatically extends for 30 days
BMay be terminated by the seller to accept the backup offer✓ Correct
CBecomes void without any action
DMust be referred to AREC for resolution
Explanation
Under a kick-out (release) clause, if the buyer fails to remove their contingency within the required timeframe after receiving notice of a backup offer, the seller may terminate the contract and accept the other offer.
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