TX TREC One to Four Family Residential Contract (Resale) 2011 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 trained real estate licensees. Your failure to pay the assessments could result in a lien on and the foreclosure of the Property. If Buyer is concerned about these matters the TREC promulgated Addendum for Property Subject to Mandatory Membership in a Property Owners Association should be used for each association. 3 STATUTORY TAX DISTRICTS If the Property is situated in a...

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. Begin by filling in the 'Date' at the top of the contract.
2. Identify the parties involved: buyers and sellers, by including their full names and addresses.
3. Specify the property details, including the address and legal description.
4. Fill in the purchase price in the designated section.
5. Complete the financing section, indicating whether the buyer will pay cash or finance the purchase.
6. Specify the property condition and any repairs to be made before closing.
7. Include information about any earnest money deposit and timeline for its delivery.
8. Detail the closing date and any contingencies, such as inspections or financing.
9. Review and include any additional provisions that may be relevant to the transaction.
10. Ensure that all parties sign and date the contract where indicated.

Who needs TX TREC One to Four Family Residential Contract?

1. Buyers purchasing a one to four family residential property.
2. Sellers who are selling a one to four family residential property.
3. Real estate agents representing either buyers or sellers.
4. Lenders financing the purchase of a one to four family residential property.

• 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 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 is required in a Texas lease agreement?

Names of parties involved (tenant and landlord, mainly) Address and description of property. Length of the lease. Amount of rent (and date it is due each month)

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.

Does TREC promulgate commercial contract 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.

Is there a standard lease agreement in Texas?

The Texas standard residential lease agreement is a form that allows a property manager to enter into a binding relationship with a tenant in regard to residential property. The length of the agreement is typically one (1) year although a longer fixed term can be drafted into the agreement if both parties agree.

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.

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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 standardized legal document used in Texas for the sale and purchase of residential properties that contain one to four dwelling 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 filled out and executed by real estate agents, sellers, and buyers involved in the transaction of residential properties.

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 review the document carefully, provide accurate information regarding the property, purchase price, financing details, and other terms agreed upon in the transaction.

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 outline the terms and conditions of the sale transaction, offering both buyers and sellers a clear framework for their agreement.

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

The TX TREC One to Four Family Residential Contract must report information including the property's legal description, sale price, financing terms, earnest money details, and any contingencies or special provisions related to the sale.