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How Is Paragraph 2 of the Unimproved Property Form Different Than Some Paragraphs Found in the Other Forms?

FAQs william August 6, 2022

How does paragraph 2 of the Non-Improved Property form differ from some paragraphs on the other forms? It’s less complicated. The buyer and seller enter into a contract for the purchase of the seller’s condominium using the TREC Residential Condominium Contract with an effective date of January 15.

Which of the following may be included in paragraph 11 special provisions of the One to Four Family Residential contract quizlet?

The answer is landlords and tenants. The answer is Section 11, Special Provisions. The buyer makes an offer to the buyer to purchase the seller’s property using the one to four family housing contract. The seller makes a counter offer, the buyer accepts the seller’s counter offer, and the buyer signs the contract.

What is the purpose of paragraph 24 of the one to four family residential contract?

Buyer wants to purchase a 10-day option to cancel the contract. How long does the buyer have to pay the option fee? What is the purpose of § 24 of the one- to four-family housing contract? The parties may add contact information for their attorneys.

What paragraph includes the information regarding the property’s accessories?

Section 2 refers to the legal description of the property to be conveyed and the improvements, accessories and exclusions. PROPERTY: The land, fixtures and accessories are collectively referred to as “Property”.

Which of the following best describes the information about brokerage services form?

Which of the following statements best describes the Broker Services Information form? The information is mandatory, the form is optional. What is the purpose of the Texas Real Estate Consumer Notice regarding hazards or defects?

Which of these forms is least likely to be involved in the sale of unimproved property?

Terms used in this sentence (88) Which of these forms is least likely to be involved in the sale of vacant property? The unimproved property contract would not be involved in the sale of a condominium.

How is paragraph 3 different in the farm and ranch contract from the other five contracts?

The zoning is changing and the property is no longer eligible for a previous exemption. How is Clause 3 in the Farm and Ranch Contract different from the other five contracts? The sale price may be adjusted after the Effective Date.

Which paragraph is different in all six TREC contracts?

The Ownership Section is different in each of the contract forms published by TREC. The contract forms published by TREC are the same except for their titles. The Accidental Damage section is the same for both the Condominium Agreement and the One-Four-Family Unit Agreement.

How do I fill out a unimproved property contract in Texas?

The Ownership Section is different in each of the contract forms published by TREC. The contract forms published by TREC are the same except for their titles. The Accidental Damage section is the same for both the Condominium Agreement and the One-Four-Family Unit Agreement.

What is the difference between a TREC approved form and a TREC promulgated form?

What is the difference between a “TREC approved” form and a “TREC published” form? Published forms must be used, while approved forms can be used. The Texas Real Estate Commission regulates licensed real estate agents and salespeople in the state.

Which of the following is not included in the legal description in paragraph 2 of the One to Four Family Residential contract?

Which of the following is not included in Section 2 of the TREC One to Four Family Housing Agreement? The answer is the marital status of the parties. The marital status of the parties is part of paragraph 1.

Which of the following addenda is required to be used where the property involved was constructed prior to 1978?

Lead-Based Paint Addendum – Must be included with any agreement if property was built before 1978.

Which of the following is true with regard to the sellers property disclosure form that is mentioned in an exclusive right to sell listing form?

Which of the following statements is true of the seller’s property disclosure form mentioned in an exclusive right to sell bid form? The seller can refuse disclosure, but must still disclose hidden defects.

Why does TREC insist that brokerages provide and display information about brokerage services offered in Texas?

Why do brokers need to display Texas Real Estate Recovery Trust Account information? The Real Estate Recovery Trust Account is one of the ways Texas protects consumers in the event of wrongdoing by licensees.

What is the purpose of the TREC information about brokerage services form quizlet?

What is the purpose of the TREC OP-K – Information About Brokerage Services form? It allows the seller or buyer and agent to agree on the services to be provided.

What is the purpose of the broker or sales agent disclosure requirement of the TREC residential resale contract in Texas?

Texas law requires all brokers and sales agents to provide a written notice of brokerage information during the first factual communication with prospective buyers, renters, sellers and landlords regarding specific properties.

References:

  1. https://quizlet.com/559294191/chapter-5-flash-cards/
  2. https://quizlet.com/299100029/texas-promulgated-forms-flash-cards/
  3. https://texastitle.com/paragraph-2-of-one-to-four-family-residential-contract-explained/
  4. https://www.chegg.com/flashcards/unit-7-test-58fda561-4e61-44c2-a71d-fe9f9462a6d1/deck
  5. https://quizlet.com/389493000/promulgated-contracts-practice-exam-flash-cards/
  6. https://quizlet.com/146091942/tpf-2-flash-cards/
  7. https://quizlet.com/551375173/unit-6-the-remaining-promulgated-forms-questions-flash-cards/
  8. https://www.youtube.com/watch?v=WH5JnIWmYRM
  9. https://quizlet.com/387052260/principles-of-real-estate-1-texas-unit-9-flash-cards/
  10. https://quizlet.com/181996985/contracts-flash-cards/
  11. https://eforms.com/purchase-agreements/addendums/
  12. https://quizlet.com/142874613/contracts-5-flash-cards/
  13. https://quizlet.com/306468442/real-estate-4304-final-flash-cards/
  14. https://quizlet.com/45425410/promulgated-contracts-final-exam-qs-flash-cards/
  15. https://www.trec.texas.gov/information-about-brokerage-services-iabs-consumer-protection-notice

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