Real Estate Glossary

What is Contingency?

A contingency is a condition or clause in a contract that must be met before the contract becomes legally binding. In real estate, contingencies might include conditions such as the completion of a home inspection, the approval of financing, or the sale of the buyer's current home. If the contingency is not met, either party may be able to cancel the contract without penalty.

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Beycome Family of Companies: Beycome Mortgage LLC provides home loans; Beycome Brokerage Realty LLC, Beycome Brokerage Realty Inc., and Beycome of Florida LLC provide real estate services; Beycome Title of Florida LLC provides title insurance services. These are separate entities under Beycome Corp., each governed by its own management as required by law, but all owned by the same individuals, forming a business relationship.
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