TX TREC One to Four Family Residential Contract (Resale) 2018 free printable template

Contract ConcerningPage of 10Property) PROMULGATED BY THE(Address TEXAS of REAL ESTATE COMMISSION (TREC)21218ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE) NOTICE: Not For Use For Condominium TransactionsEQUAL

How to fill out trec forms

How to fill out TX TREC One to Four Family Residential Contract

1. Start by filling in the property's address in the designated space.
2. Enter the names of the buyer(s) and seller(s) as they appear on their legal documents.
3. Specify the sales price in the appropriate section.
4. Complete the financing information, including any loan details or down payment amounts.
5. Fill in the option fee and option period, if applicable.
6. Provide a timeline for the closing, including any necessary contingencies.
7. Include any additional terms or conditions that may apply to the sale.
8. Review all sections for accuracy and completeness before signing.
9. Ensure that all parties sign and date the contract appropriately.

Who needs TX TREC One to Four Family Residential Contract?

1. Homebuyers looking to purchase a residential property.
2. Sellers wanting to sell their one to four family residential property.
3. Real estate agents representing buyers or sellers in a transaction.
4. Investors dealing with single-family residential properties.

• What is One to Four Family Residential Form (Resale)?
• What is One to Four Family Residential Form (Resale) for?
• • When is One to Four Family Residential Form (Resale) Due?
  • Is One to Four Family Residential Form (Resale) Accompanied by Other Forms?
  • What Information should I Include in One to Four Family Residential Form (Resale)?
  • Where do I Send One to Four Family Residential Form (Resale)?

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.

Instructions and Help about trec forms

This video is about the 1 to 4 family residential resell contract promulgated by the Texas real estate commission you have to know that Trek revises these contracts from time to time but the good news is is that I also provides this video to keep up with those changes it's just that I'm a few months delayed behind tricks changes because I'm I'm running a real estate brokerage company here in the North Fort Worth area you should Google me if you are looking for a broker I'd love to talk with you but the the changes that I make are all the significant changes that they make to these contracts there are plenty of changes that they make that are completely and significant and I believe that you just don't care about them at all I don't care about them there are comas that are changed little little nuance II pieces of terminology and dates and that sort of thing that that really are insignificant let me give you an example one time they revised the way that they refer to real estate agents they change the term it used to be we were called licensees well now they revised it to say that real estate agents are now referred to as license holders so it's the difference between licensees and license holders I just don't believe anybody cares too much about that kind of change also you'll see in the bottom right corner of physical trick contract that there's a version number in this video you might find the version number to not reflect the current day version number and just because if that particular screenshot did not include a major revision then I didn't replace that screenshot it would just take a really long time to go back and replace all those little minor changes something top right of the contract you'll see a date that date will let you know if you're using a contract that's up to date if you're a realtor you better be using the most up-to-date version of the contract in practice but in this video you're gonna you're gonna see the old date in a few places just forgive me on that I want to just say thank you so much for watching the video the past videos have got so many views many people reach out and told me that they appreciate it I just want to let you know that I appreciate you guys please like the video comment below I'd love to answer any questions and feel free to subscribe to the channel and I wish you the best enjoy the video first we're gonna cover when to use this contract and when to not use this contract then we'll begin with some conceptual topics and as we continue we'll drill down into some more nuts and bolts topics so first the the high level we'll go over why it's important to learn these contracts then we'll go over the mindset that you and I must have when we're going through these in the mindset that people have as they're interacting in a transaction next we'll go into how to actually use the contract how to make offers and counteroffers we'll discuss why words matter and we'll talk about some general information about the...

What is trec form?

Description: This form is used when a buyer wants to notify a seller that the buyer is terminating an existing contract. Contracts, Forms & Applications, Other Forms, Real Estate Sales Agent, Real Estate Broker Individual, Business Entity Broker.

People Also Ask about

What are the 6 TREC promulgated forms?

TREC Licensing Forms. Request a Fitness Determination. Real Estate. Easement or Right of Way. Inspectors. Apprentice Inspector. Real Estate Inspector. Professional Real Estate Inspector.

How many TREC promulgated contract forms are there?

There are six main sales contracts that TREC promulgates.

Does TREC promulgate forms?

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). Contact your attorney or a real estate trade association for such forms.

What is paragraph 23 of the one to four family residential contract?

Under Paragraph 23, Termination Option, buyers may pay a fee for the option to terminate the contract within a negotiated number of days. The option fee must be paid to the sellers—not to the title company—within three days after the effective date.

How many TREC promulgated forms are there?

There are six main sales contracts that TREC promulgates.

What are the six promulgated contracts by TREC?

The six main sales contracts, including residential, condo, new construction (complete and incomplete), farm and ranch, and unimproved property. The professional perils of using contracts that are not promulgated by TREC.

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What is TX TREC One to Four Family Residential Contract?

The TX TREC One to Four Family Residential Contract is a standard form used in Texas for the sale and purchase of residential properties that contain one to four living units, facilitating legal transactions between buyers and sellers.

Who is required to file TX TREC One to Four Family Residential Contract?

The TX TREC One to Four Family Residential Contract must be filed by the parties involved in the real estate transaction, typically the buyer and seller, with any agents or brokers facilitating the transaction.

How to fill out TX TREC One to Four Family Residential Contract?

To fill out the TX TREC One to Four Family Residential Contract, the parties must complete all required sections, including details about the property, purchase price, financing, and any special provisions, ensuring clarity and accuracy throughout the document.

What is the purpose of TX TREC One to Four Family Residential Contract?

The purpose of the TX TREC One to Four Family Residential Contract is to provide a legally binding agreement that outlines the terms and conditions of the sale or purchase of residential properties, protecting the interests of both buyers and sellers.

What information must be reported on TX TREC One to Four Family Residential Contract?

Information that must be reported on the TX TREC One to Four Family Residential Contract includes the property address, legal description, sale price, financing details, closing date, and signatures of all parties involved in the transaction.