Contracts
A Wisconsin WB-11 offer is contingent on the sale of the buyer's current home. If the seller receives a better offer, the seller may issue a:
ANotice of Termination immediately
BBump clause notice giving the buyer a set time to waive the contingency or release the seller✓ Correct
CCounteroffer automatically voiding the buyer's contingency
DNotice of Acceleration requiring closing within 48 hours
Explanation
If the WB-11 includes a home sale contingency with a bump clause (right of seller to continue marketing), and the seller receives another acceptable offer, the seller can give the first buyer notice to waive the contingency within a set period or the contract is terminated.
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