A contingency refers to a clause in a purchase agreement specifying an action or requirement that must be met for the contract to become legally binding. Both the buyer and seller must agree to the terms of each contingency and sign the contract before it becomes binding.
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Gary 'Mr. Action' Fayerman
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(403) 620-2800
mraction@telus.net
Real Estate Term of the Month ➡️ Contingencies

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