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  • Trec Form No. 40-6

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10-04-2013 EQUAL HOUSING OPPORTUNITY PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC) THIRD PARTY FINANCING ADDENDUM FOR CREDIT APPROVAL TO CONTRACT CONCERNING THE PROPERTY AT (Street Address.

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How to fill out the TREC Form No. 40-6 online

Filling out the TREC Form No. 40-6, the third party financing addendum for credit approval, is essential for those engaging in real estate transactions in Texas. This guide provides a clear and supportive approach to help users complete the form accurately and efficiently online.

Follow the steps to complete the TREC Form No. 40-6 online.

  1. Press the ‘Get Form’ button to access the TREC Form No. 40-6 and open it in your preferred online editor.
  2. Begin by entering the property address in the designated field. This includes the street address and city. Ensure accuracy as this information is vital for the contract.
  3. In the financing section, select one or more applicable financing options by checking the corresponding boxes, such as Conventional Financing, Texas Veterans Loan, FHA Insured Financing, VA Guaranteed Financing, or USDA Guaranteed Financing.
  4. For each financing option selected, provide the required financial details. For example, if you choose Conventional Financing, fill in the principal amount, the term of the loan, and the interest rate as prompted.
  5. Complete the fields for Adjusted Origination Charges based on your Good Faith Estimate as needed for the selected financing options.
  6. Read and acknowledge any important notes or contingencies listed in the form, especially those related to credit approval and the rights of buyers. This will ensure that you fully understand the implications of the financing terms.
  7. After completing all necessary sections, review your entries for accuracy and completeness to avoid any delays in the processing of the form.
  8. Once you are satisfied with the information provided, you can save your changes. Depending on your needs, download, print, or share the completed form as appropriate.

Complete your documents online today for a seamless real estate transaction experience.

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What is a Loan Assumption Agreement? A loan assumption agreement is an agreement between a lender, original borrower, and a new borrower, where the new borrower agrees to assume responsibility for the debt owed by original borrower. These agreements are commonly seen in mortgages and real estate.

Who promulgates contracts for mandatory use by license holders? The answer is Texas Real Estate Commission. The Broker-Lawyer Committee develops forms and recommends their adoption, but it is TREC that promulgates the forms for mandatory use.

Paragraph 6G7 discusses Texas Agricultural Development Districts. s different in the New Home Contracts, the Unimproved Property Contract, and the Farm and Ranch Contract.

Promulgated Contracts 1-4 Family Residential Contract (Resale) Residential Condominium Contract. Farm and Ranch Contract. Unimproved Property Contract. New Home Contracts.

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.

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.

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.

Unimproved property contract form example Parties. Use the full legal names of the buyer and seller. ... Sales Price. A is the cash amount due at closing (everything not being financed). ... Earnest money and termination option. A typical earnest money amount is 2% of the sale price. ... Special provisions.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232