Trec No 28 2, Environmental Assessment Addendum Form
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People also ask
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What's the purpose of the TREC approved short sale addendum?
Use of the addendum provides that if the short sale is not approved by the date included in Paragraph D of the addendum the addendum gives the buyer the right to terminate the contract and receive their earnest money back.
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Do you have to use a Trec contract in Texas?
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. Mistakes in the use of a form may result in financial loss or a contract which is unenforceable.
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What is the Texas Non Realty Items Addendum used for ______?
The Non-Realty Items Addendum is a form issued by the Texas Real Estate Commission that can be added onto a real estate contract and is used to purchase other items (personal property) along with the home.
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What is the most commonly used listing agreement in Texas?
The "Exclusive Right to Sell" is the most common, but there is the "open listing," the "exclusive agency listing," and the "one-time show."
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What's the purpose of the non-realty items addendum in Texas?
Buyers & sellers should understand the definition of a non-realty item before going under contract. The Non-Realty Addendum is used for items that are not included in the sale of the home. Common examples are refrigerator, washer & dryer, draperies, wine fridge (if not built-in), lawn furniture, potted plants.
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What is not an addendum promulgated by TREC?
Which of the following is NOT a TREC promulgated addendum? The answer is Reverse Mortgage Financing Addendum. The Reverse Mortgage Financing Addendum is not a TREC promulgated addendum; it was approved for voluntary use for a time but no longer exists.
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