Contracts
A Massachusetts buyer needs to sell a property contingent on the sale of their current home. The seller agrees but includes a '72-hour kick-out clause.' This means:
AThe buyer must close within 72 hours of the seller's notice
BThe seller can accept another offer and give the buyer 72 hours to remove the home sale contingency or lose the property✓ Correct
CThe buyer has 72 hours to make an offer
DThe seller must give 72 hours' notice before canceling
Explanation
A kick-out clause (or 72-hour clause) allows the seller to accept another offer after notifying the first buyer, giving the buyer a specified time (typically 72 hours) to remove their contingency (e.g., waive the home sale condition) or accept cancellation of the contract.
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