Learn about the key components, contingencies, negotiations, and legal implications of real estate contracts in Texas. An "as is" clause protects a seller if a buyer later makes claims about the property and asks for compensation.If you are obtaining the forms for possible use in a real estate transaction, you should contact a real estate license holder or an attorney for assistance. A 72hour clause can allow a seller to accept a buyer's offer to purchase their home while allowing the seller to continue to market the home. A license holder who adds these terms to the contract in any manner, including drafting an escalation clause, is engaged in the unauthorized practice of law. The "as is" clause lets sellers offload their property without repairs, passing current condition risks to buyers. A kickout clause allows you to continue to market your home to other potential buyers even after accepting an offer from another buyer. To learn more about all the ways we can help you finance your dream home, fill out and submit the form below. To learn more about all the ways we can help you finance your dream home, fill out and submit the form below. Looking to learn more before you begin your path to homeownership?