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What does it mean to have realistic plans for contingencies?
Asked in Business Plans, The Difference Between
What is the difference between reliability and validity?
Asked in Real Estate
What does CNKO mean?
When the status on a property is listed as "Contingent w/no kick-out" (CNKO) it means that an offer has been presented to the seller with contingencies, and if those contingencies are not satisfied, then the seller may take another offer. A "kick-out" clause is sometimes used if a seller wants to reserve the option to accept a better offer, once the property is under contract. A "no kick-out" clause means that the seller relinquishes this option once his/her home is under contract. So, in your example "Contingent w/no kick-out" means that the seller has accepted an offer with contingencies, but cannot accept another offer unless those contingencies are not satisfied.