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Janet Allen from Republic Title speaks with Charles Kramer, a former chairman of the broker-lawyer committee at the Texas Real Estate Commission, about upcoming changes to the Trek 1-4 single-family contract. The most significant change is in paragraph 3A, which clarifies that a cash offer must genuinely be all cash without any financing contingencies. Additionally, there will be a new option in the third-party financing addendum that accommodates hard money loans and hard money financing, which will impact how offers are submitted.
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