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TX TREC One to Four Family Residential Contract (Resale) 2014 free printable template

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The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by tr ained real estate licensees. If Buyer is concerned about these matters an addendum promulgated by TREC or H. I. RESIDENTIAL SERVICE CONTRACTS Buyer may purchase a residential service contract from a residential service company licensed by TREC. CONSULT AN ATTORNEY BEFORE SIGNING TREC rules prohibit real estate licensees from giving legal advice. READ THIS CONTRACT...
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How to fill out texas trec residential 2014

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How to fill out a Texas TREC contract:

01
Begin by obtaining a copy of the Texas TREC contract form from the Texas Real Estate Commission website or any authorized source.
02
Read through the contract carefully and familiarize yourself with its different sections and terms.
03
Start filling out the contract by entering the date, your name, and your contact information at the top of the form.
04
Identify the property being sold or leased by providing the address or legal description.
05
Specify the purchase or lease price of the property, as well as any additional terms or conditions related to the payment.
06
Disclose any existing liens, encumbrances, or other title issues that may affect the property's ownership.
07
Clarify the rights and responsibilities of both parties by including any contingencies or special provisions in the contract.
08
Include any agreed-upon repairs, inspections, or warranties in the appropriate sections.
09
Indicate the desired closing or move-in dates, and outline the procedures for handling the transfer of ownership or possession.
10
Have all parties involved in the transaction carefully review the contract and make any necessary amendments or additions before signing.
11
Obtain the signatures of all parties involved, and ensure that all necessary disclosures and addendums are attached to the contract.
12
Keep copies of the fully executed contract for all parties involved for future reference.

Who needs a Texas TREC contract?

01
Individuals involved in the sale or lease of real estate properties in Texas, including buyers, sellers, landlords, and tenants.
02
Real estate agents, brokers, and other professionals in the real estate industry who are responsible for facilitating property transactions.
03
Anyone seeking legal protection and clarity during real estate transactions in Texas.

What is One to Four Family Residential Form (Resale)?

The One to Four Family Residential Form is a contract concluded between the Buyer and the Seller on a real estate reselling in the State of Texas.

What is One to Four Family Residential Form (Resale) for?

The Form is used to legally approve the fact of resale of the real estate property form the one person to another and describes all details on the said property. Note that one can use this form only buying home for a single family, a duplex, a triple, or a duplex.

When is One to Four Family Residential Form (Resale) Due?

The One to Four Family Residential Form has no due dates to be submitted. It is filled out and signed upon the decision of the Buyer and Seller to conclude the agreement on the property reselling.

Is One to Four Family Residential Form (Resale) Accompanied by Other Forms?

The Form itself doesn’t require any other forms to be attached, unless some circumstances arise and additional documents would be necessary.

What Information should I Include in One to Four Family Residential Form (Resale)?

This Form consists of eight pages. On each page various information should be provided, such as names of the parties, description of the land lot, price, details on financing and survey, conditions of the property, settlement of disputes, and details of the Seller and the Buyer. It also contains termination option and Consult of Attorney section, where details of both Seller’s and Buyer’s attorney should be indicated.

Where do I Send One to Four Family Residential Form (Resale)?

Usually, this Form is prepared by the real estate agent and is provided to the parties involved to complete the necessary fields and put signatures.

Video instructions and help with filling out and completing texas trec residential

Instructions and Help about texas 12 family form

All righty one to four family residential contract resales for disclosure to start off with this is not a complete review of the contract just a quick breakdown we're going to go through the blanks that need to be filled in the checkboxes just as a quick review if you have any question on it especially if you're not with our office make sure to check with your broker office manager address anything that just needs to be needed because obviously its important information but let's go ahead and fly through this use it as a refresher and kind of go from there first off one to four family residential contract resales this is the one the form you're going to be using most often when somebody's purchasing a house new construction is a different contract and right under you will see not for use for condominium transactions so not new construction not condos this is resale one to four family your typical house you're going to come across on a daily basis section one parties obviously that's the buyer and seller top line is seller you can get that information from the tax records and bottom line is the buyer how they want their name or who they want on the title so ask them make sure it's correct full names need to be on their top seller bottom buyer next section two you're going to have the property description first which is the lot block and then the third blank is what a lot of people have questions on the CB number or the n CB number that's what's going to go there you can find out on the tax info it's also on the MLS sheet under that city straightforward next County straightforward and then that bottom line is the common address or mailing address what most properties are referred to so pretty straightforward and then include the zip code on there as well moving down to 2d you're going to see exclusions above that it gives a description what's included in the property everybody should know that if you have a real estate license but review it and then anything that's not included goes here such as maybe a light fixture chandelier that's a family heirloom the seller wants to keep it you're going to list that here it needs to be on there if it's going to stay otherwise it's going to go if it's a fixture included accessory so if there's nothing be sure to put Na on there whether you're representing the buyer or sell that way there's no discrepancy anything added anything like that we want on any blanks on the contract when we can prevent it so put Na — it out whatever you need to do moving down continuing sales price obviously one of the more important ones three sections the cash portion is the top line the financing amount is the middle line and then the total asking sales price offer price whatever is that's that's the bottom line price right there at the sales price on that third line so if it's an all-cash offer it's going to be the full sales price offering price on the top line a zero in the middle one and then sales price on the bottom total so...

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The Texas Real Estate Commission (TREC) requires that all persons who engage in the business of real estate brokerage, including sales, rentals, leasing, and property management, must file a contract with TREC.
The deadline to file a Texas Real Estate Commission (TREC) contract in 2023 is June 30, 2023.
The Texas Real Estate Commission (TREC) Contract refers to a standard real estate contract used in the state of Texas. This contract outlines the terms and conditions agreed upon by the buyer and seller in a real estate transaction. It covers various aspects such as the purchase price, financing terms, closing date, contingencies, property condition, and other relevant details. The TREC contract is designed to protect both parties involved in the transaction and ensure a smooth and legally binding transaction.
To fill out a Texas TREC (Texas Real Estate Commission) contract, follow these steps: 1. Gather all the necessary information and documents, such as property details, buyer and seller information, and agreed-upon terms. 2. Begin by entering the contract date at the top right corner. 3. Fill out the Property Address section with the complete address of the property. 4. Provide the buyer and seller details, including full legal names, mailing addresses, and contact numbers, in the respective sections. 5. Enter the effective date of the contract and indicate the desired closing date under the Dates section. 6. Specify the purchase price, the desired amount of the earnest money deposit, and the method by which it will be delivered. 7. Indicate whether the transaction will be financed, and if so, provide details on the type of loan and financing terms. 8. Include any contingencies or special provisions in the appropriate sections. For example, if the sale is contingent on a property inspection, financing, or the sale of another property, these should be noted. 9. Provide details regarding who will pay for various expenses, such as title policy, survey, and closing costs. 10. Specify any personal property that will be included in the sale, such as appliances or fixtures. 11. Include any additional relevant information or additional terms in the Additional Provisions section. 12. Both the buyer and the seller should review the contract carefully to ensure accuracy and understanding. 13. Sign and date the contract at the appropriate sections, and have all parties involved in the transaction do the same. 14. Submit the fully filled and signed contract to the appropriate parties, such as real estate agents, attorneys, and escrow companies, as required by the transaction. It is important to note that while these steps provide a general guideline for filling out a Texas TREC contract, it is always advisable to seek professional guidance from a real estate agent or attorney to ensure compliance with all legal and regulatory requirements.
The purpose of the Texas TREC (Texas Real Estate Commission) contract is to provide a standardized and legally binding agreement between buyers and sellers of real estate properties in Texas. This contract outlines the terms and conditions of the sale, protects the rights and interests of both parties, and provides a framework for the transaction process. The TREC contract includes various provisions such as purchase price, closing date, financing terms, property condition, contingencies, and disclosure requirements. By utilizing a standardized contract, it ensures that all parties involved in a real estate transaction are on the same page and helps to promote transparency and fairness. Additionally, the TREC contract helps to protect consumers by including clauses related to the inspection of the property, repair negotiations, and default consequences. It also provides a mechanism for dispute resolution and includes remedies for breach of contract. Overall, the purpose of the Texas TREC contract is to establish a clear and comprehensive agreement that governs the purchase or sale of real estate in Texas, providing protections and guidelines for both buyers and sellers.
When preparing a real estate contract in Texas, certain information needs to be reported to comply with the Texas Real Estate Commission (TREC) rules. The essential information that must be included in a TREC contract includes: 1. Parties Involved: The names of the buyer(s) and seller(s) must be clearly stated, along with their mailing addresses, phone numbers, and email addresses. 2. Property Description: The contract should provide a detailed description of the property being sold, including the physical address, legal description, and the type of property (residential, commercial, or land). 3. Purchase Price and Financing: The contract must state the agreed-upon purchase price of the property. It should also mention the financing details, such as the amount of down payment, loan terms, and whether it is a cash transaction. 4. Earnest Money: The contract should specify the amount of earnest money deposit, the party holding the deposit, and the deadline for delivering the earnest money. 5. Title Information: The contract must disclose the title company that will handle the closing process. If there are any existing liens or encumbrances on the property, they should be disclosed. 6. Special Provisions and Contingencies: Any special provisions or contingencies, such as home inspection, financing contingency, or property appraisal, should be clearly stated in the contract. 7. Closing Date and Possession: The contract must include the agreed-upon closing date, as well as the date of possession (when the buyer will take possession of the property). 8. Dispute Resolution: The contract should specify the preferred method of dispute resolution, such as mediation, arbitration, or litigation. 9. Representation: If the buyer or seller is represented by a real estate agent or broker, their names, company, and contact information should be provided. 10. Signatures: The contract must be signed by all parties involved in the transaction, including the buyer(s) and seller(s). It is important to note that the TREC provides standard contract forms called the One to Four Family Residential Contract (Resale) or the Unimproved Property Contract, which contain all necessary fields and information required by the TREC. It is advisable to use these contract forms to ensure compliance with Texas legal requirements.
If a Texas Real Estate Commission (TREC) contract is filed late, there is usually no specific penalty defined. However, it is important to note that timely filing of contracts is crucial in real estate transactions to ensure compliance with legal requirements and avoid potential complications. Additionally, any delays in filing may result in a breach of contract or other legal issues, which could lead to disputes, financial consequences, or even legal action. It is advisable to consult a legal professional or TREC directly for advice tailored to your specific situation.
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