TX TREC One to Four Family Residential Contract (Resale) 2024-2026 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 license holders. Contract Concerning Page of 11 Property PROMULGATED BY THE Address TEXASofREAL ESTATE COMMISSION TREC 11-04-2024 ONE TO FOUR FAMILY RESIDENTIAL CONTRACT RESALE NOTICE Not For Use For Condominium Transactions EQUAL HOUSING OPPORTUNITY 1. PARTIES The parties to this contract are Seller and Buyer. Seller agrees to sell and convey to Buyer...

How to fill out 1 4 family residential contract texas form

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

1. Begin by obtaining a copy of the TX TREC One to Four Family Residential Contract form.
2. Enter the parties' names (Buyer and Seller) in the appropriate fields.
3. Fill in the property address, including city, state, and zip code.
4. Specify the purchase price in the designated section.
5. Detail the financing terms and any required deposits.
6. Indicate the closing date and any possession dates.
7. Address any necessary repairs and pre-closing inspections.
8. Review and fill in any additional provisions or special agreements.
9. Ensure all parties sign and date the contract.
10. Distribute copies of the signed contract to all involved parties.

Who needs TX TREC One to Four Family Residential Contract?

1. Any individual or entity involved in the sale or purchase of a residential property in Texas.
2. Real estate agents representing Buyers or Sellers.
3. Buyers seeking to secure a residential property.
4. Sellers who wish to formalize the sale of their 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 trec one to four family residential contract

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 standardized legal document used in Texas for the sale and purchase of residential properties containing one to four dwelling units.

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

Typically, real estate agents, brokers, and parties involved in the sale or purchase of residential properties in Texas are required to file the TX TREC One to Four Family Residential Contract.

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 involved should provide details about the property, the purchase price, financing terms, and any contingencies, ensuring that all required fields are completed accurately.

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 formalize the agreement between a buyer and a seller in the sale of residential property, outlining the terms and conditions of the transaction.

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 such as the names of the parties involved, property description, sales price, earnest money, closing date, and any special provisions or contingencies.