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Contingent with no kick out means the contingency is in favor of the buyer. Even if another buyer shows up the seller will have to wait for the contingency to run its course until the seller could sell the house to the second buyer. Usually it runs for a specific time to allow the buyer to get his relocation package or confirmation of job transfer into place.
This is usually only used if the seller is very sure of the buyer qualifying to purchase.
What else can I help you with?
What does the abbreviation Cnko stand for in real estate?
"Contingent with No Kick Out."
Can you use custom broker license every state?
If by this mean you mean a broker's licence in terms of real estate, then no.
What is NIREM?
NIREM is the short form of IDS National Institute of Real Estate Management which is a management institute. It offers educational programs and courses in different areas of real estate such as real estate management, real estate marketing, real estate sales, real estate finance, real estate investment, real estate appraisal etc at the levels of PG Diploma and Diploma. It also offers certificate in real estate management. Apart from the above, NIREM also conducts management development programs in real estate. probably the first institute in India that offers real estate education.
How do you break your real state contract?
You can disclose any contract, but be prepared for the legal and financial ramifications that may ensue! Normally when you hold a real estate contract you're able to get certain things contingent (such as an inspection or mortgage, hence you are able to come out of it if you can't fulfill the obligations or you hear the house is in bad condition) However, if it's too late for that, you need to contact a real estate attorney and then you realize the possible complications.
What does121 real estate means?
121 Real estate means a real estate professional consult his or her client 1 to 1 session and try to fulfill clients real estate needs.
What does the abbreviation Cnko stand for in real estate?
"Contingent with No Kick Out."
What does the abbreviation FIN stand for in real estate?
Contingent upon Financiing.
What does contingent with kick out mean?
"Contingent with kick-out" refers to a real estate agreement where a buyer's offer is accepted, but it includes a contingency that allows the seller to continue marketing the property. If the seller receives a better offer, they can "kick out" the original buyer, typically giving them a specified timeframe to remove their contingency and proceed with the sale. If the original buyer cannot do so within that timeframe, the seller is free to accept the new offer.
What has the author Damien Abbott written?
Damien Abbott has written: 'Encyclopaedia of Real Estate Terms' 'The shorter encyclopedia of real estate terms' -- subject(s): Dictionaries, Real property, Real estate business
What does real estate status Contngt-Escape mean?
Contngt-Escape in real estate means the sale is contingent upon the buyer choosing to use the escape clause. This can usually be used if an inspection fails.
What is difference between the terms real estate and real property?
They have the same meaning.
What is real estate consultant?
The Real Estate Consultant is compensated for their expertise, time and and task. If they're paid contingent on a guaranteed outcome, it is understood by the consumer that will be paying a premium to have this guarantee. Consulting covers a variety of skills and can be used to reach a variety of outcomes.
Expand ard in terms of realestate finance?
expand of ARD in terms of finance/real estate
What is CC in real estate terms?
Closing Cost! These are fees that you incur when you close escrow on Real property
Who is the 3rd largest real estate agency in the country?
The largest real estate agencies in terms of sales are: CB Richard Ellis, Realogy and Prudential realty. See link below for complete list of real estate agencies with greatest sales:
What is the proper meaning for REO in mortgage terms?
REO- Real Estate Owned or Bank owned, which means the real estate property is no longer mortgaged~ as a result of forfeiture or foreclosure.
Is there a right to rescind period in signing a Real Estate Listing Agreement in Nevada?
You can rescind your real estate listing agreement at any time. This is usually listed in your terms that you sign with the agent.
