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- The bump clause, also known as the "kick-out clause," is a real estate contract provision allowing the seller to continue marketing the property even after accepting a contingent offer. This contingent offer typically arises when the original buyer makes an offer on the seller's property.
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Jan 19, 2021 · Bump Clause is one of those real estate terms that you may come across in a potential listing and think that it indicates a risk. Read more to learn more about them and how you may benefit as a buyer or seller.
printed information, such as an advertisement or official document, that is usually unwanted and not interesting: I got a load of bumf from my bank in the post today. SMART Vocabulary: related words and phrases. Books: kinds of books. abridgment.
Nov 13, 2023 · Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients.
Estate - The degree, quantity, nature and extent of interest which a person has in real property. Estate in Reversion - The residue of an estate left for the grantor, to commence in possession after the termination of some particular estate granted by the grantor.
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There are three meanings listed in OED's entry for the noun bumf. See ‘Meaning & use’ for definitions, usage, and quotation evidence.
Mar 20, 2023 · Bumpable buyer. A buyer whose purchase agreement includes a contingency that allows the seller to continue to market the home to other prospective buyers.