CNTG/KO What does this stand for?

[mom2boys]

... in a real estate listing?

 

[Lisa L from MI]

How is it worded in the listing?? I am thinking that the cntg means contingent (sp?)

 

[buzzlady]

CONTINGENT WITH KICK OUT (CNTG/KO)


CONTINGENT WITH NO KICK OUT (CNTG/NO KO)

 

[mom2boys]

It is listed under "status".
Ok what is a "kick out"?

 

[helenabear]

Found this

CONT/KO
Contingent with kick out. Listing status type indicating property is available, but has a ratified contract with at least one pending contingenct; at least one of the pending contingencies includes a kick out clause.

http://impact-realty.com/

This one sort of explained the kick out clause

http://doityourself.com/makeoffer/kickoutclause.htm