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2018 4.8 Satisfied (178 Votes)
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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.
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 Texas land contract establishes terms binding the parties in a sale of vacant land. The parties, a seller and a buyer, must utilize this contract to record the ownership transfer's binding terms, such as the agreed-upon price and applicable financial provisions.
Description: This contract is generally used for rural properties with metes and bounds property description from a survey and contains provisions to deal with items that are relevant to farms and ranches that are not specifically addressed in other types of contracts.
A Texas land contract establishes terms binding the parties in a sale of vacant land. The parties, a seller and a buyer, must utilize this contract to record the ownership transfer's binding terms, such as the agreed-upon price and applicable financial provisions.
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The contract provides that the seller will deed the property to the buyer after the buyer completes all payments. History of Contract-for-Deed Law in Texas. In Texas, contracts for deed on residential property are considered potentially predatory and subject to strict consumer-protection laws.
A Texas land contract establishes terms binding the parties in a sale of vacant land. The parties, a seller and a buyer, must utilize this contract to record the ownership transfer's binding terms, such as the agreed-upon price and applicable financial provisions.
The contract provides that the seller will deed the property to the buyer after the buyer completes all payments. History of Contract-for-Deed Law in Texas. In Texas, contracts for deed on residential property are considered potentially predatory and subject to strict consumer-protection laws.
False. TREC's forms are public record, so they are available to anyone. However, the forms are primarily intended for use by real estate license holders, who are generally required to use these forms.
Unimproved Property Contract (Form ID: 9-15) 09/01/2021. Description: This contract form is for property that does not have physical buildings, additions or fixtures on the land. It is generally used for property that has been platted (has a recorded Lot/Block legal description).

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