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Which of the following contracts is generally used for rural properties with metes and bounds legal description and contains provisions to deal with items that are relevant to farms and ranch

Trec farm and ranch contract 2025

which of the following contracts is generally used for rural properties with metes and bounds legal description and contains provisions to deal with items that are relevant to farms and ranch Preview on Page 1

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The document is a Farm and Ranch Contract promulgated by the Texas Real Estate Commission (TREC) outlining the terms of sale between a Seller and Buyer for a property in Texas. It details the parties involved, property description, sales price, earnest money requirements, title policy and survey obligations, property condition disclosures, closing procedures, and provisions for default and mediation. The contract emphasizes legal compliance and includes sections on brokers' fees, proration of expenses, casualty loss, and termination options.

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Click ‘Get Form’ to open the trec farm and ranch contract in the editor.
Begin by filling in the 'PARTIES' section with the names of the Seller and Buyer. Ensure accuracy as this identifies who is involved in the transaction.
In the 'PROPERTY' section, provide detailed information about the land, including its location and any improvements or accessories included in the sale. Use checkboxes for accessories to ensure clarity.
Complete the 'SALES PRICE' section by detailing both cash and financing amounts. Make sure to check if adjustments based on surveys apply.
Fill out the 'EARNEST MONEY' section, specifying amounts and escrow agent details. Timeliness is crucial here; ensure you meet deadlines.
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Versions	Form popularity	Fillable & printable
2022	4.8 Satisfied (80 Votes)
2018	4.8 Satisfied (178 Votes)
2015	4 Satisfied (75 Votes)
2014	4.3 Satisfied (304 Votes)
2011	4.1 Satisfied (55 Votes)
2011	4.4 Satisfied (53 Votes)
2006	4.4 Satisfied (562 Votes)

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How many acres qualifies as a ranch in Texas?

Ultimately, what constitutes a ranch can vary depending on individual perspectives and local customs. Texas Farm Bureau has defined a small farm or ranch as a property of one hundred (100) acres or less on which the owner/operator has been an active producer of commodities for five (5) years or less.

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

What does the statement on page 10 of the TREC Farm and Ranch Contract indicate regarding payment of brokers fees? Brokers fees or the sharing of fees between brokers are not fixed, controlled, recommended, suggested or maintained by the Texas Real Estate Commission.

What are the 4 types of real estate contracts?

The 40 or 48 Rule Requires Foreclosure Instead of Eviction. If the buyer has paid 40% or more of the purchase price, or the equivalent of 48 monthly payments, then the seller must give the buyer a 60-day notice to cure its default instead of the above-mentioned 30 days.

When to use a farm and ranch contract in Texas?

The Texas Farm and Ranch Contract is a legal agreement created by the Texas Real Estate Commission (TREC). It is used when people buy or sell rural land in Texas, including farms, ranches, and country properties.

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.

farm and ranch contract

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What does the statement on page 10 of the Trec farm and ranch contract indicate regarding payment of brokers fees?

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.

When to use farm and ranch?

If you plan to run livestock, or use your land as a hunting and fishing retreat, youll want a ranch. If you wish to grow and market crops, youre better off being a farmer. Understanding what you wish to do with your land investment will help you decide between a farm and a ranch.