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A seller accepts a contingent backup offer from a second buyer and notifies the first buyer under a release clause. The first buyer decides to remove the sale of buyer's property contingency. What happens next

Respuesta :

Answer: Completion of transaction and down payment

Explanation:

Contingency backup offer is when the seller has an already potential buyer for a property.

In this scenario, the seller would have to conclude with the first buyer to avoid fractions and disagreement in some factors and to see if the buyer can make a down payment on the propery.

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