CE: Contracts – Contingencies of Sale of Buyer’s Property
This course is worth 1 hour of REQUIRED CON CE!
This class is in-person at OKCMAR in Room 302 and will be taught by Larry Starbuck.
The dictionary defines a contingency as “a future event or circumstance which is possible but cannot be predicted with certainty, a provision for an unforeseen event or circumstance.” While there are some buyers who can afford to make two mortgage payments for an undetermined length of time there are not many. Therefore, many purchase contracts will be written with a contingency for the sale of the buyer’s present property. In order to avoid confusion in a such a transaction we need to have the proper paperwork filed. Let’s take an hour and review the process and the addendum.