Contracts
In Texas real estate, 'contingent' means a contract is:
AFully binding with no conditions
BSubject to the fulfillment of specified conditions before it becomes fully binding or before a party is obligated to perform✓ Correct
CVoid until TREC approves the transaction
DExpired and no longer valid
Explanation
A contingent contract is one where the parties' obligations are conditioned upon certain events occurring (such as obtaining financing, satisfactory inspection, or sale of the buyer's current home). If the contingency is not met, the party protected by it may terminate.
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