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Category: Tip of the Week

The Appraisal Contingency Only Exists If You Check the Box

The Appraisal Contingency Only Exists If You Check the Box

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In OREF 001 – Residential Real Estate Sale Agreement it’s important to remember that the failure to select either the yes or no box following the question in Section 3 – Financing Type, “Is this transaction contingent upon an appraisal?” will result in there being no appraisal contingency included as part of the transaction.  Agents should always check one of