Contracts
In Kentucky, which contingency protects a buyer if the property fails to appraise at or above the purchase price?
AFinancing contingency
BAppraisal contingency✓ Correct
CInspection contingency
DTitle contingency
Explanation
An appraisal contingency protects the buyer by allowing them to renegotiate or cancel the contract if the property appraises below the agreed purchase price.
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