Contracts
A Vermont real estate contract contingency gives the buyer the right to:
ANegotiate a lower commission for the agent
BBack out of the contract if a specified condition is not met✓ Correct
CExtend the closing date indefinitely
DRequire the seller to make all repairs
Explanation
A contingency is a condition that must be satisfied for the contract to proceed. If the contingency is not met, the buyer generally has the right to exit the contract without penalty.
Related Vermont Contracts Questions
- A Vermont seller signs a listing agreement with Broker A. Before any offer is received, the seller signs a second listing agreement with Broker B for the same property. Regarding the first agreement:
- A Vermont listing agreement that does not specify an expiration date is:
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