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Trec unimproved property contract

Trec unimproved property contract 2025

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The document is a Texas Real Estate Commission (TREC) promulgated Unimproved Property Contract outlining the terms and conditions for the sale of unimproved property between a seller and buyer. It includes details on the parties involved, property description, sales price, earnest money requirements, title policy and survey obligations, property condition acceptance, closing procedures, and provisions for default and mediation. The contract emphasizes legal compliance and provides disclosures regarding property conditions and potential assessments.

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Click ‘Get Form’ to open the TREC Unimproved Property Contract in the editor.
Begin by filling in the 'Parties' section with the names of the Seller and Buyer. Ensure accuracy as this establishes the contractual relationship.
In the 'Property' section, specify the lot, block, addition, city, and county details. This information is crucial for identifying the property being sold.
Complete the 'Sales Price' section by detailing both cash and financing amounts. This will clarify how much is due at closing.
Fill in the 'Earnest Money' field with the amount to be deposited with an escrow agent. Remember that timely delivery is essential to avoid contract termination.
Review and complete sections regarding title policy, survey requirements, and any objections you may have about property conditions or encumbrances.
Finally, ensure all parties sign and date where indicated before submitting your completed contract for processing.

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Versions	Form popularity	Fillable & printable
2018	4.8 Satisfied (200 Votes)
2011	4.4 Satisfied (360 Votes)

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When to use an unimproved property contract in Texas?

Unimproved Property Contract (Form ID: 9-16): 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). It is not for use for condominium transactions.

When should you use a farm and ranch contract in Texas?

It is used when people buy or sell rural land in Texas, including farms, ranches, and country properties. This contract explains everything involved in the sale, such as what is included with the land, how payments will be made, and how both parties are protected.

Which of the following is not in the sellers disclosure in the TREC: Unimproved Property Contract, dumpsites, wetlands, endangered species, foundation problems?

Which of the following is NOT in the Sellers Disclosure in the TREC Unimproved Property Contract? The answer is foundation problems. Since the property is not improved, the sellers disclosure addresses flooding of the property, litigation, environmental hazards, dumpsites, wetlands, and endangered species.

Do you have to use a Trec contract in Texas?

Contract forms published by the Texas Real Estate Commission (TREC) and Texas Realtors (TXR) are commonly used; however, they are optional. TREC and TXR contracts are not required to be used in Texas. The only persons required to use these forms are real estate agents and brokers.

What is the effective date of a real estate contract in Texas?

In Texas real estate, the effective date is the date a contract becomes fully enforceable between the buyer and the seller. Its not simply when the contract is signed by both partiesits the date when the final signature is communicated back to the other party or their agent in writing.

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What is unimproved land in Texas?

Raw land, which normally has no utility access and no improvements, and might not be docHubable by road. Unimproved land, which typically has utility access but might be without some improvements. Improved land, which normally offers complete access to utilities and can be docHubed by road.

What are the 4 types of real estate contracts?

The four types of real estate contracts include purchase agreements, assignment contracts, lease agreements, and power of attorney agreements. They can have some crossover with when theyre used and what they need to contain, but they have separate and distinct uses.

What does unimproved property contract mean?

An Unimproved Land Purchase Agreement is a legal contract between a buyer and a seller that outlines the terms and conditions for the sale of a parcel of land that has not been developed or improved with structures or utilities.