Final answer:
A seller can keep showing a property with a home sale contingency through a 'kick-out clause' allowing them to accept other offers. To reassure buyers with imperfect information, sellers can offer warranties, detailed product descriptions, customer reviews, and transparency.
Step-by-step explanation:
If a buyer has a home sale contingency, the clause that would allow the seller to keep showing the real estate to other potential buyers is known as a kick-out clause or a release clause. This clause stipulates that, while the seller has accepted the buyer's contingent offer, the seller remains free to accept other offers. If another buyer presents an offer that the seller wants to accept, the original buyer with the home sale contingency is typically given a certain amount of time to remove the contingency and proceed with the purchase. If they cannot, the seller may then kick out the original buyer and sell to the new buyer.
To answer the question about how a seller of goods might reassure a possible buyer who is faced with imperfect information, some strategies include offering warranties, providing detailed product descriptions, showcasing customer reviews, and being transparent about the product's condition and history. Trust can also be built through professional conduct and clear communication.