Contracts
If a New Mexico purchase contract contains a 'kick-out clause,' it means the seller can:
ACancel the contract at any time without reason
BContinue marketing the property and accept another offer if the buyer fails to remove their home sale contingency within a specified time✓ Correct
CKick out the buyer from property showings
DReduce the purchase price during the contract period
Explanation
A kick-out (or bump) clause allows a seller who has accepted a contingent offer to continue marketing. If a better offer comes in, the seller can 'kick out' the contingent buyer by giving them notice to remove the contingency or release the contract.
Related New Mexico Contracts Questions
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