Contracts
A Minnesota purchase agreement that includes a 'kick-out clause' allows the seller to:
AReject any offer below list price
BContinue marketing the property and if a new acceptable offer is received, require the current contingent buyer to remove contingencies or release the contract✓ Correct
CExtend the closing date indefinitely
DKick out the buyer for missing any deadline
Explanation
A kick-out (bump) clause allows a seller who has accepted a contingent offer (e.g., contingent on the buyer's home sale) to continue marketing the property. If the seller receives another acceptable offer, the original buyer is given a set period (often 72 hours) to waive the contingency or have the contract terminated.
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