Escalator clauses causing tricky situation in red-hot residential market

COMMON PRACTICE: Ryan Antrop, broker-manager at Residential Properties Ltd. in Cumberland, says as long as inventory remains low, homebuyers will continue to include escalator clauses in their offers. / PBN PHOTO/RUPERT WHITELEY
COMMON PRACTICE: Ryan Antrop, broker-manager at Residential Properties Ltd. in Cumberland, says as long as inventory remains low, homebuyers will continue to include escalator clauses in their offers. / PBN PHOTO/RUPERT WHITELEY
Escalator clauses have become so commonplace in today’s red-hot residential real estate market that real estate agents are having to navigate threats of litigation, while trying to educate and cater to their clients’ needs. Shannon Buss, a broker associate at Randall Realtors in North Kingstown, said the practice of using escalator clauses has increased exponentially…

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