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How many contract forms are currently promulgated by TREC quizlet?

Six contract forms are currently promulgated by TREC. The One to Four Family Residential Contract requires the survey to be acceptable to whom? The statement is TITLE COMPANY. Paragraph 6(c) requires the survey to be acceptable to the title company and also to any lender.

How many forms promulgated by TREC?

There are six main sales contracts that TREC promulgates. These include: Residential. Condo.

Who can use TREC forms?

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

Which paragraph is different in each of the 6 TREC contracts?

The property paragraph is different in each of the TREC promulgated contract forms. The TREC promulgated contract forms are the same with the exception of their titles. The Casualty Loss paragraph reads the same for the Residential Condominium Contract and the One to Four Family Residential Contract.

What are the 6 TREC promulgated forms?

Name the 6 TREC Promulgated forms. 1 to 4 family residential sales contract resale. Residential Condominium Contract (Resale) Farm and Ranch Contract. Unimproved pPoperty Contract. New Home Contract (Competed construction) New Home Contract (Completed construction)

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How many promulgated forms does TREC have?

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.

Which of the following forms is not promulgated by TREC?

TREC does not promulgate listing or buyer representation agreements, property management contracts, forms for commercial property, or residential leases (other than temporary residential leases used in connection with a sale).

How do I submit documents to TREC?

Send them by email to documents@trec.texas.gov or by fax to 512-936-3864. *Proof of completion of Legal Update I, Legal Update II, and Broker Responsibility Courses are submitted directly to TREC by the course provider.

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