Contracts
A Louisiana seller includes a 'right to continue showing' clause in the accepted purchase agreement. This allows the seller to:
AShow only to family members
BContinue marketing the property and accept backup offers while the original contract is contingent✓ Correct
CRenegotiate the price after acceptance
DCancel the contract without any cause during the showing period
Explanation
A 'right to continue showing' (kick-out clause) allows the seller to continue marketing and accept a second offer, subject to notifying the first buyer and giving them the option to remove contingencies or release the seller.
People Also Study
Related Louisiana Questions
- A Louisiana purchase agreement includes an 'as-is' clause. This means the buyer:Contracts
- In Louisiana, a real estate purchase agreement that contains an 'escape clause' for the seller allows the seller to:Contracts
- A Louisiana purchase agreement includes a 'survey contingency.' This contingency allows the buyer to:Contracts
- A Louisiana buyer includes a home inspection contingency in their purchase agreement. If the inspection reveals major issues, the buyer may:Contracts
- In Louisiana, a 'partial release clause' in a blanket mortgage allows the mortgagor to:Finance
- In Louisiana, a buyer's agency agreement that includes an 'exclusive right to represent' provision means:Agency
- In Louisiana, which of the following documents is used to release a buyer from a purchase agreement due to failure of a suspensive condition?Escrow & Title
- In Louisiana, 'usufruct' is a right that allows a person to:Property Ownership
Key Terms to Know
Purchase Agreement
A legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Study This Topic
Practice More Louisiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Louisiana Quiz →