Contracts
A Virginia contract includes a 'kick-out clause' (right of first refusal with a kick-out provision). This means:
AThe seller can cancel the contract at will
BThe seller can accept another offer and give the original buyer a limited time to waive contingencies or forfeit the contract✓ Correct
CThe buyer must kick out any existing tenants
DThe broker can terminate the listing
Explanation
A kick-out clause allows the seller to continue marketing. If a better offer comes in, the seller gives the original buyer (with contingencies) a limited time to waive their contingency or the seller can proceed with the new buyer.
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