Contracts
A Florida buyer's contract includes a 'home sale contingency,' meaning the buyer's purchase is contingent on selling their current home. If the seller accepts another offer and wants to invoke the kick-out clause, the seller must:
AImmediately void the contract with the contingent buyer
BNotify the contingent buyer, who then has a specified time to remove the contingency or the seller may proceed with the new buyer✓ Correct
CKeep both contracts active simultaneously
DGet FREC approval before invoking the clause
Explanation
A kick-out clause allows the seller to continue marketing and, upon receiving a better offer, notify the contingent buyer who has a specified time (often 24-72 hours) to remove the home sale contingency or forfeit the contract.
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