Texas 1 To 4 Family Contract For Addicts
Description
How to fill out Texas One To Four Family Residential Contract - Resale - All Cash, Assumption, Third Party Conventional Or Seller Financing?
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FAQ
As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.
Earnest money is a portion of the purchase price of a home that the buyer pays upfront after signing the purchase contract. Typical earnest money payments in Texas range from one to three percent of the overall purchase price, though the exact amount is an object of negotiation between the buyer and seller.
5. EARNEST MONEY AND TERMINATION OPTION: A. DELIVERY OF EARNEST MONEY AND OPTION FEE: Within 3 days after the Effective Date, Buyer must deliver to , as escrow agent, at (address): $ as earnest money and $ as the Option Fee.
Expert-Verified Answer. The information is required to fill out paragraph 3 of the trec one to four family residential contract will be interest rate. It informs the buyer that they may be extra charges or taxes if the property is located in an utilities company service area.
Under Paragraph 5(B), Termination Option, a buyer may pay a fee to have the unrestricted right to terminate the contract within a nego- tiated number of days. Under Paragraph 5(A), the option fee must be paid to the escrow agent along with the earnest money within three days after the effective date of the con- tract.