Dissecting the Contingency Forms

Dissecting the Contingency Forms

Sales conditioned upon the sale of the buyer’s property.

4 clock hours

As the name implies, this class takes apart all aspects of the contingent sale. All sale-of-buyer’s-property contingencies will be covered.

· How does a contingency differ from other conditions?

· Why must I counter ALL contingent offers?

· What are the elements of a condition?

· How can I write a “foolproof” condition?

· What are the timeframes, and how do they work “together”?

· How does the bump clause work?

· Why is the Second Buyer Addendum a “must see” form for second buyers?

· When should the inspection be completed?

The forms to be covered in-depth in this course are: 22B, 44, 46, 39, 90K, 90L.

Class Taught By:

Larry Christensen