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Nwmls Forms

Nwmls Forms

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Instructions and help about mls forms

okay good morning today is October 14th and today I wanted to talk about the home sale contingency 22b and just what happens after an offer comes in so in order to start this conversation I wanted to kind of backtrack a little bit and talk about the differences between form 22q versus 22b uh 22q is called the pending um the buyer pending sale and 22b is a contingent sale so what's the difference between those well a 22q should only be used when a buyer's property has already got under contract and they have an established closing date with this in place the contract is technically pending and that pending contract cannot be bumped out of position if another buyer should show interest that buyer can hold second buyer position but not have a bumping opportunity with the 22 that means that the buyer has to sell property in order to purchase the new one the buyer may have not yet listed their home or they may have listed it uh the buyer does uh or they have they have a home

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