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What are 6 promulgated forms by TREC?

TREC Licensing Forms. Request a Fitness Determination. Real Estate. Easement or Right of Way. Inspectors. Apprentice Inspector. Real Estate Inspector. Professional Real Estate Inspector.

Which TREC promulgated form should be used for condominium transactions?

Standard Contract Form TREC No. 32-0 is promulgated for use as a condominium resale certificate.

What is paragraph 23 of TREC contract?

A buyer must pay an option fee if they want to have an option period. If the buyer is not satisfied with the house by the end of the option period, they can either A) extend the option period, B) accept the house as-is or C) terminate the contract.

Which of these forms are promulgated by TREC quizlet?

TREC has two promulgated lease forms: 1. Buyers Temporary Residential Lease - for use when the buyer occupies the property for no more than 90 days prior to closing. 2. Sellers Temporary Residential Lease - for use when the seller occupies the property for no more than 90 days after closing.

How many TREC promulgated addendum forms are there?

Before TREC even considers a contract form for promulgation, the Broker-Lawyer Committee must identify a real estate transaction requiring a standardized contract. There are six main sales contracts that TREC promulgates.

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What is paragraph 6 of the TREC contract?

Paragraph 6C of the One to Four Family Residential Contract (Resale) (TXR 1601) includes requirements for property surveys. This paragraph requires that the survey must be prepared by a registered professional land surveyor acceptable to the title company and the buyers lender.

What are the six contract forms promulgated by TREC?

Promulgated Contracts 1-4 Family Residential Contract (Resale) Residential Condominium Contract. Farm and Ranch Contract. Unimproved Property Contract. New Home Contracts.

Does TREC have promulgated forms?

Yes. The contract forms are available for public use. A TREC contract form, however, is intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use. A mistake in the use of a form may result in financial loss or an unenforceable contract.

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