Contingencies — Escape Hatches

National · Contracts & Transfer of Title — free cheat sheet for the real estate licensing exam.

📄 Contracts & Transfer of Title

📋 The 1-minute cheat sheet

Financing: buyer exits with earnest money if the loan falls through by the deadline
Inspection: negotiate repairs, accept, or walk within the option/inspection period
Appraisal: renegotiate or exit if value comes in low
Sale-of-home: buyer must sell theirs first — often with a kick-out clause for the seller
Miss a deadline and the contingency is usually WAIVED

Is Contingencies — Escape Hatches on the real estate exam?

Yes. Contracts & Transfer of Title is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.