Contracts
A 'kick-out clause' (right of first refusal contingency) in an Oklahoma purchase contract allows the seller to:
ATerminate the contract at any time without reason
BContinue marketing the property and if a better offer comes in, give the current buyer a period to remove their sale contingency or lose the contract✓ Correct
CKick out the buyer's agent from showings
DRaise the price after acceptance
Explanation
A kick-out clause protects sellers who have accepted an offer with a home-sale contingency. If a better offer comes in, the seller notifies the current buyer, who then has a specified time (often 24-72 hours) to waive their home-sale contingency or release the seller to accept the new offer.
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