Contingency
California Association of Realtors
Updated 10-31-2026
Contingency
A condition that must be fulfilled before a contract is binding.
California Association of Realtors Glossary
California Association of Realtors · p. 4
FreddieMac
Updated 10-31-2026
Contingency
A plan for something that may occur but is not likely. For example, your offer may be contingent on the home passing a home inspection. If the home does not pass inspection, you're protected.
FreddieMac Glossary
FreddieMac · p. 4
FTC
Updated 10-31-2026
Contingency
A condition that must be met before a contract is legally binding. For example, home purchasers often include a home inspection contingency; the sales contract is not binding unless and until the purchaser has the home inspected.
FTC Real Estate Terms
FTC · p. 4
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