Contracts
In Montana, a 'kick-out clause' (bump clause) in a purchase contract allows the seller to:
ACancel the contract for any reason within 72 hours
BContinue marketing the property while the buyer resolves a contingency (such as selling their home), and if a better offer comes, notify the buyer to remove the contingency or the contract is cancelled✓ Correct
CKick out the buyer's real estate agent from the transaction
DIncrease the price if market conditions improve before closing
Explanation
A kick-out clause allows the seller to continue marketing the property while the buyer has a contingency (like selling their current home). If the seller receives another acceptable offer, the buyer has a short window (often 72 hours) to remove the contingency or the seller can accept the new offer.
Related Montana Contracts Questions
- If a seller accepts one offer and then receives a higher offer, the seller:
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- In Montana, a purchase agreement may be voided by mutual consent of both parties through a:
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