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What is meant by “contingency” status or contingent contract?

April 26, 2017Contingency Contingent contract meant Status

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What is meant by “contingency” status or contingent contract?

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A. Contingent status indicates that a listing is under contract subject to the sale of the Buyers property (as with the Contingent Sale Addendum). The listing remains on contingent status until it is reported as pending, sold, back-on-market or withdrawn. Contingent status indicates the listing is available for showing and offers are being taken.