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

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...

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

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

1. Obtain a copy of the TX TREC One to Four Family Residential Contract form.
2. Fill in the date of the agreement at the top of the form.
3. Enter the names of the parties involved (buyer and seller).
4. Provide the property address and legal description of the property being sold.
5. Specify the sales price in the designated section.
6. Detail the earnest money amount and the title company information where it will be held.
7. Fill in the financing details, including whether it will be cash, conventional loan, or other types of financing.
8. Include any necessary contingencies, such as inspection or financing contingencies.
9. Specify the closing date and any possession terms.
10. Review the contract carefully for accuracy before both parties sign.

Who needs TX TREC One to Four Family Residential Contract?

1. Individuals or parties looking to buy or sell a residential property in Texas.
2. Real estate agents representing buyers or sellers.
3. Investors who are purchasing single-family homes or small 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.

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 is paragraph 23 in contract?

The option period is a buyer's only guaranteed “out” of a contract. Once it is over, the buyer is “in it to win it”. The option period is the opportunity to conduct all inspections. A buyer must pay an option fee if they want to have an option period.

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.

What is paragraph 23 of TREC contract?

A buyer must pay an option fee if they want to have an option period. If the buyer is not satisfied with the house by the end of the option period, they can either A) extend the option period, B) accept the house as-is or C) terminate the contract.

How many TREC promulgated contract forms are there?

Six contract forms are currently promulgated by TREC.

What are TREC promulgated forms?

Promulgated contract forms are forms that are both approved and required by the Texas Real Estate Commission. These will be used by agents and brokers alike during transactions to make the agreement's official.

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.

Who writes TREC promulgated contract forms?

The Texas Broker-Lawyer Committee consists of six members appointed by TREC. They write and revise all contracts that TREC promulgates. Before TREC even considers a contract form for promulgation, the Broker-Lawyer Committee must identify a real estate transaction requiring a standardized contract.

For pdfFiller’s FAQs

Can I create an electronic signature for the TX TREC One to Four Family Residential Contract in Chrome?

Yes. With pdfFiller for Chrome, you can eSign documents and utilize the PDF editor all in one spot. Create a legally enforceable eSignature by sketching, typing, or uploading a handwritten signature image. You may eSign your TX TREC One to Four Family Residential Contract in seconds.

How do I edit TX TREC One to Four Family Residential Contract straight from my smartphone?

You can do so easily with pdfFiller’s applications for iOS and Android devices, which can be found at the Apple Store and Google Play Store, respectively. Alternatively, you can get the app on our web page: https://edit-pdf-ios-android.pdffiller.com/. Install the application, log in, and start editing TX TREC One to Four Family Residential Contract right away.

How do I edit TX TREC One to Four Family Residential Contract on an Android device?

With the pdfFiller Android app, you can edit, sign, and share TX TREC One to Four Family Residential Contract on your mobile device from any place. All you need is an internet connection to do this. Keep your documents in order from anywhere with the help of the app!

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 real estate transactions involving the sale of single-family homes or units in a multi-family dwelling, typically used for properties with one to four residential units.

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

The TX TREC One to Four Family Residential Contract is typically filed by real estate agents or brokers who are licensed in Texas, on behalf of their clients (buyers or sellers) when they are involved in 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, parties should provide accurate and complete information regarding the property, including details such as the sales price, financing terms, and any applicable contingencies, along with signatures from both the buyer and seller.

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 legally document the agreement between the buyer and seller regarding the sale of residential real estate, outlining the terms and conditions of the transaction to protect the interests of both parties.

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

The TX TREC One to Four Family Residential Contract must include essential information such as the names of the parties involved, property address, sales price, earnest money amount, financing terms, disclosure of property condition, and any rights or obligations of the parties.