Contracts
A Washington buyer wants to purchase a home contingent on the sale of their current home. The seller may include a 'bump clause' (right to continue marketing clause), which means:
AThe seller may accept a second offer and give the buyer a set period to remove the contingency or the contract terminates✓ Correct
BThe buyer must sell their home within 30 days automatically
CThe seller may immediately terminate the contract upon receiving another offer
DThe buyer has the right to extend the contingency indefinitely
Explanation
A bump clause (right to continue marketing) allows the seller to continue marketing and accept a subsequent offer. The first buyer then has a specified period (often 72 hours) to waive or remove the contingency, or the contract terminates.
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