Initialed for identification by Buyer_________and Seller__________ Page 1 of 13 PROMULGATED BY THE _________________________________ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE) ALL CASH, ASSUMPTION, THIRD PARTY CONVENTIONAL OR SELLER
FINANCING NOTICE: Not For Use For Condominium Transactions 1.PARTIES: ________________________________________ (Seller) agrees to sell and
convey to __________________________________________ (Buyer) and Buyer agrees
to buy from Seller the property described below.2.PROPERTY: Lot _________, Block _____, __________________________Addition,
City of _____________________, ___________________ County, _________, known as ___________________________________________________ (Address/Zip Code),
or as described on attached exhibit, together with the following items, if any: curtains and
rods, draperies and rods, valances, blinds, window shades, screens, shutters, awnings,
wall-to-wall carpeting, mirrors fixed in place, ceiling fans, attic fans, mail boxes,
television antennas and satellite dish system with controls and equipment, permanently
installed heating and air-conditioning units, window air-conditioning units, built-in
security and fire detection equipment, plumbing and lighting fixtures including
chandeliers, water softener, stove, built-in kitchen equipment, garage door openers with
controls, built-in cleaning equipment, all swimming pool equipment and maintenance
accessories, shrubbery, landscaping, permanently installed outdoor cooking equipment,
built-in fireplace screens, artificial fireplace logs and all other property owned by Seller
and attached to the above described real property except the following property which is
not included:____________________________________________________________ All property sold by this contract is called the "Property." The Property ( ) is ( ) is
not subject to mandatory membership in an owners' association. The _____
Addendum For Property Subject To Mandatory Membership In An Owners’
Association ( ) is ( ) is not attached. 3. SALES PRICE:A. Cash portion of Sales Price payable by Buyer at closing .................... $ ___________B. Sum of all financing described below ..................................................$ ___________ (excluding any private mortgage insurance [PMI] premium)C. Sales Price (Sum of A and B) ............................................................. $ ___________ 4. FINANCING: Within _______ days after the effective date of this contract
Buyer shall apply for all third party financing or noteholder's approval of any assumption and
make
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 2 of 13 every reasonable effort to obtain financing or assumption approval. Financing or
assumption approval will be deemed to have been obtained when the lender determines that
Buyer has satisfied all of lender's financial requirements (those items relating to Buyer's net
worth, income and creditworthiness). If financing (including any financed PMI premium) or
assumption approval is not obtained within ________ days after the effective date hereof,
this contract will terminate and the earnest money will be refunded to Buyer. Each note to
be executed hereunder must be secured by vendor's and deed of trust liens.The portion of Sales Price not payable in cash will be paid as follows: (Check applicable boxes
below) A.THIRD PARTY FINANCING: ( )(1) This contract is subject to approval for Buyer of a third party first
mortgage loan having a loan-to-value ratio not to exceed ______% as established by such third party (excluding any financed PMI premium),
due in full in _____ year(s), with interest not to exceed _______% per
annum for the first year(s) of the loan. The loan will be ( ) with ( )
without PMI.( )(2) This contract is subject to approval for Buyer of a third party second
mortgage loan having a loan-to-value ratio not to exceed ______ % as established by such third party (excluding any financed PMI premium),
due in full in ___________ year(s), with interest not to exceed
_________% per annum for the first __________ year(s) of the loan.
The loan will be ( ) with ( ) without PMI.( )B. ___________ VETERAN’S HOUSING ASSISTANCE PROGRAM
LOAN: This contract is subject to approval for Buyer of a ________
Veterans’ Housing Assistance program Loan (the Program Loan) of
$____________ for a period of at least __________ years at the interest
rate established by the __________ Veteran’s Land Board at the time of closing.( )C. SELLER FINANCING: A promissory note from Buyer to Seller of
$_________, bearing ________% interest per annum, secured by vendor's
and deed of trust liens, in accordance with the terms and conditions set
forth in the attached _________ Seller Financing Addendum. If an owner
policy of title insurance is furnished, Buyer shall furnish Seller with a
mortgagee policy of title insurance.( ) D. ASSUMPTION:( )(1) Buyer shall assume the unpaid principal balance of a first lien
promissory note payable to ____________________________ which unpaid balance at closing will be $_________. The total current monthly
payment including principal, interest and any reserve deposits is
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 3 of 13 $__________. Buyer's initial payment will be the first payment due after
closing.( )(2) Buyer shall assume the unpaid principal balance of a second lien
promissory note payable to _________________________________ which unpaid balance at closing will be $ ________. The total current
monthly payment including principal, interest and any reserve deposits is
$_______________. Buyer's initial payment will be the first payment
due after closing.Buyer's assumption of an existing note includes all obligations imposed by the deed of
trust securing the note.If the unpaid principal balance(s) of any assumed loan(s) as of the Closing Date varies from the
loan balance(s) stated above, the ( ) cash payable at closing ( ) Sales Price will be adjusted
by the amount of any variance; provided, if the total principal balance of all assumed loans varies
in an amount greater than $350.00 at closing, either party may terminate this contract and the
earnest money will be refunded to Buyer unless the other party elects to eliminate the excess in
the variance by an appropriate adjustment at closing. If the noteholder requires (a) payment of an
assumption fee in excess of $ _____________ in D(1) above or $______________ in D(2) above
and Seller declines to pay such excess, or (b) an increase in the interest rate to more than
______% in D(1) above, or ________% in D(2) above, or (c) any other modification of the loan
documents, Buyer may terminate this contract and the earnest money will be refunded to Buyer.
A vendor's lien and deed of trust to secure assumption will be required which shall automatically
be released on execution and delivery of a release by noteholder. If Seller is released from
liability on any assumed note, the vendor's lien and deed of trust to secure assumption will not be
required.NOTICE TO BUYER: The monthly payments, interest rates or other terms of some loans
may be adjusted by the lender at or after closing. If you are concerned about the possibility of
future adjustments, do not sign the contract without examining the notes and deeds of trust.NOTICE TO SELLER: Your liability to pay the note assumed by Buyer will continue
unless you obtain a release of liability from the lender. If you are concerned about future
liability, you should use the ____________ Release of Liability Addendum.( )E. CREDIT APPROVAL ON ASSUMPTION OR SELLER
FINANCING: Within days after the effective date of this contract, Buyer
shall deliver to Seller ( ) credit report ( ) verification of employment,
including salary verification of funds on deposit in financial institutions ( ) current
financial statement to establish Buyer's creditworthiness or assumption
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 4 of 13 approval or seller financing and ( )
______________________________. If Buyer's documentation is not
delivered within the specified time, Seller may terminate this contract by
notice to Buyer within 7 days after expiration of the time for delivery, and
the earnest money will be paid to Seller. If this contract is not so
terminated, Seller will be deemed to have accepted Buyer's credit. If the
documentation is timely delivered, and Seller determines in Seller's sole
discretion that Buyer's credit is unacceptable, Seller may terminate this
contract by notice to Buyer within 7 days after expiration of the time for
delivery and the earnest money will be refunded to Buyer. If Seller does
not so terminate this contract, Seller will be deemed to have accepted
Buyer's credit. Buyer hereby authorizes any credit reporting agency to furnish to Seller at Buyer's sole expense copies of Buyer's credit reports.5.EARNEST MONEY: Buyer shall deposit $ ___________ as earnest money with
__________________________ at ___________________________________ (Address), as
escrow agent, upon execution of this contract by both parties. Additional earnest money of $________ must be deposited by Buyer with escrow agent on or before
____________________, 20_____. If Buyer fails to deposit the earnest money as required by
this contract, Buyer will be in default.6. TITLE POLICY AND SURVEY:( )A. TITLE POLICY: Seller shall furnish to Buyer at ( ) Seller’s ( ) Buyer’s
expense an owner policy of title insurance (the Title Policy) issued by
__________________________ (the Title Company) in the amount of the Sales
Price, dated at or after closing, insuring Buyer against loss under the provisions of
the Title Policy, subject to the promulgated exclusions (including existing building and zoning ordinances) and the following exceptions:(1) Restrictive covenants common to the platted subdivision in which the Property
is located.(2) The standard printed exception for standby fees, taxes and assessments. (3) Liens created as part of the financing described in Paragraph 4.(4) Utility easements created by the dedication deed or plat of the subdivision in
which the Property is located.(5) Reservations or exceptions otherwise permitted by this contract or as may be
approved by Buyer in writing.(6) The standard printed exception as to discrepancies, conflicts, shortages in area
boundary lines, encroachments or protrusions, or overlapping improvements.(7) The standard printed exception as to marital rights.
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 5 of 13 (8) The standard printed exception as to waters, tidelands, beaches, streams, and
related matters.Within 20 days after the Title Company receives a copy of this contract, Seller shall
furnish to Buyer a commitment for title insurance (the Commitment) and, at
Buyer's expense, legible copies of restrictive covenants and documents evidencing
exceptions in the Commitment other than the standard printed exceptions. Seller
authorizes the Title Company to mail or hand deliver the Commitment and related
documents to Buyer at Buyer's address shown below. If the Commitment is not
delivered to Buyer within the specified time, the time for delivery will be
automatically extended up to 15 days. Buyer will have 7 days after the receipt of
the Commitment to object in writing to matters disclosed in the Commitment.( ) B. SURVEY: (Check one box only)( ) (1) Within _____ days after Buyer’s receipt of a survey furnished to a third-
party lender at ( ) Seller’s ( ) Buyer’s expense, Buyer may object in writing to
any matter shown on the survey which constitutes a defect or encumbrance to title. ( ) (2) Within _____ days after the effective date of this contract, Buyer
may object in writing to any matter which constitutes a defect
or encumbrance to title shown on a survey obtained by Buyer at
Buyer’s expense. The survey must be made by a Registered Professional Land Surveyor
acceptable to the Title Company and any lender. Utility easements created by the dedication
deed and plat of the subdivision in which the Property is located will not be a basis for objection.Buyer may object to existing building and zoning ordinances, items 6A(1) through (8) above and
matters shown on the survey if Buyer determines that any such ordinance, items or matters
prohibits the following use or activity: ___________________________________________________________________________________________________________________________Buyer’s failure to object under Paragraph 6A or 6B within the time allowed will constitute a
waiver of Buyer’s right to object; except that the requirements in Schedule C of the Commitment
will not be deemed to have been waived. Seller shall cure the timely objections of Buyer or any
third party lender within 15 days from the date Seller receives the objections and the Closing
Date will be extended as necessary. If objections are not cured by the extended Closing Date, this
contract will terminate and the earnest money will be refunded to Buyer unless Buyer elects to
waive the objections.
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 6 of 13 NOTICE TO SELLER AND BUYER:A. Broker advises Buyer to have an abstract of title covering the Property examined by an
attorney of Buyer’s selection, or Buyer should be furnished with or obtain a Title Policy.
If a Title Policy is furnished, the Commitment should be promptly reviewed by an
attorney of Buyer’s choice due to the time limitations on Buyer’s right to object.B.If the Property is situated in a utility or other statutorily created district providing water,
sewer, drainage, or flood control facilities and services, Chapter ______of the ________
Water Code requires Seller to deliver and Buyer to sign the statutory notice relating to the
tax rate, bonded indebtedness, or standby fee of the district prior to final execution of this
contract.C.If the Property abuts the tidally influenced waters of the state, § ________,
_______________ Code, requires a notice regarding coastal area property to be included
in the contract. An addendum either promulgated by _____________ or required by the
parties should be used.D. Buyer is advised that the presence of wetlands, toxic substances, including asbestos and
wastes or other environmental hazards or the presence of a threatened or endangered
species or its habitat may affect Buyer’s intended use of the Property. If Buyer is
concerned about these matters, an addendum either promulgated by _____________ or
required by the parties should be used.E.Unless expressly prohibited in writing by the parties, Seller may continue to show the
Property for sale and to receive, negotiate and accept back-up offers.F. Any residential service contract that is purchased in connection with this transaction
should be reviewed for the scope of coverage, exclusions and limitations. The
purchase of a residential service contract is optional. Similar coverage may be
purchased from various companies authorized to do business in _____________.7. PROPERTY CONDITION:A.INSPECTIONS, ACCESS AND UTILITIES: Buyer may have the Property
inspected by an inspector selected by Buyer, licensed by ___________ or otherwise permitted by law to make such inspections. Seller shall permit access to
the Property at reasonable times for inspection, repairs and treatment and for
reinspection after repairs and treatment have been completed. Seller shall pay for
turning on utilities for inspection and reinspection.B. SELLER’S DISCLOSURE NOTICE PURSUANT TO § ____________,
___________ PROPERTY CODE (Notice) (check one box only):( )(1) Buyer has received the Notice.( )(2) Buyer has not received the Notice. Within ______ days after the
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 7 of 13 effective date of this contract, Seller shall deliver the Notice to Buyer. If
Buyer does not receive the Notice, Buyer may terminate this contract at
any time prior to the closing. If Seller delivers the Notice, Buyer may
terminate this contract for any reason within 7 days after Buyer receives
the Notice or prior to the closing, whichever first occurs.( )(3) The ____________ Property Code does not require this Seller to
furnish the Notice.C. SELLER’S DISCLOSURE OF LEAD-BASED PAINT AND LEAD-BASE
PAINT HAZARDS is required by Federal law for a residential dwelling
constructed prior to 1978. An addendum providing such disclosure ( ) is (
) is not attached.D.ACCEPTANCE OF PROPERTY CONDITION: (check one box only):( )(1) In addition to any earnest money deposited with escrow agent, Buyer has paid
Seller $_________ (the Option Fee) for the unrestricted right to terminate this
contract by giving notice of termination to Seller within ________ days after the
effective date of this contract. If Buyer gives notice of termination within the time
specified, the Option Fee will not be refunded, however, any earnest money will
be refunded to Buyer. If Buyer does not give notice of termination within the time
specified, Buyer will be deemed to have accepted the Property in its current
condition and the Option Fee ( ) will ( ) will not be credited to the Sales
Price at closing.( )(2) Buyer accepts the Property in its present condition; provided Seller, at Seller’s
expense, shall complete the following repairs and treatment:___________________________________________________________________________________________________________________________________________________.E.LENDER REQUIRED REPAIRS AND TREATMENT (REPAIRS): Unless
otherwise agreed in writing, neither party is obligated to pay for lender required
repairs or treatments for wood destroying insects. If the cost of lender required
repairs exceeds 5% of the Sales Price, Buyer may terminate this contract.F. COMPLETION OF REPAIRS AND TREATMENT: Unless otherwise agreed by the parties in writing, Seller shall complete all agreed
repairs and treatment prior to the Closing Date. Repairs and treatments
must be performed by persons who regularly provide such repairs or
treatments At Buyer’s election, any transferable warranties received by
Seller with respect to the repairs will be transferred to Buyer at Buyer’s expense. If
Seller fails to complete any agreed repairs and treatment prior to the Closing Date, Buyer
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 8 of 13 may do so and the Closing Date will be extended up to 15 days, if necessary, to complete
repairs and treatment or treatments for wood destroying insects.8. BROKERS' FEES: All obligations of the parties for payment of brokers’ fees are
contained in separate written agreements.9. CLOSING: The closing of the sale will be on or before ___________________,
20___ or within 7 days after objections to matters disclosed in the Commitment or by the
survey have been cured, whichever date is later (the Closing Date). If financing or
assumption approval has been obtained pursuant to Paragraph 4, the Closing Date will
be extended up to 15 days if necessary to comply with lender's closing requirements (for
example, appraisal, survey, insurance policies, lender-required repairs, closing
documents). If either party fails to close this sale by the Closing Date, the non-defaulting
party will be entitled to exercise the remedies contained in Paragraph 15. At closing
Seller shall furnish tax statements or certificates showing no delinquent taxes and a
general warranty deed conveying good and indefeasible title showing no additional
exceptions to those permitted in Paragraph 6.10. POSSESSION : Seller shall deliver possession of the Property to Buyer on
_______________________ in its present or required repaired condition, ordinary wear and tear excepted. Any possession by Buyer prior to closing or by Seller after closing
which is not authorized by a temporary lease from promulgated by ______ or required by
the parties will establish a tenancy at sufferance relationship between the parties. Consult
your insurance agent prior to change of ownership or possession as insurance coverage
may be limited or terminated. The absence of a written lease or appropriate insurance
coverage may expose the parties to economic loss.11. SPECIAL PROVISIONS: (Insert only factual statements and business details
applicable to this sale. ___________ rules prohibit licensees from adding factual
statements or business details for which a contract addendum, lease or other form has
been promulgated by ___________ for mandatory use.)12. SETTLEMENT AND OTHER EXPENSES:A. The following expenses must be paid at or prior to closing:(1) Appraisal fees will be paid by ____________________________________________.(2) The total of loan discount fees (including any ___________ Veterans’ Housing
Assistance Program Participation Fee) may not exceed _____% of the loan of which Seller shall
pay ___________________ and Buyer shall pay the remainder. The total of any buydown fees
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 9 of 13 may not exceed ________________ which will be paid by ___________________________.(3) Seller's Expenses: Releases of existing liens, including prepayment penalties and
recording fees; release of Seller's loan liability; tax statements or certificates; preparation of
deed; one-half of escrow fee; and other expenses stipulated to be paid by Seller under other
provisions of this contract.(4) Buyer's Expenses: Loan application, origination and commitment fees; loan
assumption costs; preparation and recording of deed of trust to secure assumption; lender
required expenses incident to new loans, including PMI premium, preparation of loan
documents, loan related inspection fee, recording fees, tax service and research fees, warehouse
or underwriting fees, copies of restrictions and easements, amortization schedule, premiums for
mortgagee title policies and endorsements required by lender, credit reports, photos; required
premiums for flood and hazard insurance; required reserve deposit for insurance premiums and
ad valorem taxes; interest on all monthly installment notes from date of disbursements to one
month prior to dates of first monthly payments; customary Program Loan costs for Buyer; one-
half of escrow fee; and other expenses stipulated to be paid by Buyer under other provisions of
this contract.B.If any expense exceeds an amount expressly stated in this contract for such
expense to be paid by a party, that party may terminate this contract unless the other party agrees
to pay such excess. In no event will Buyer pay charges and fees expressly prohibited by
___________ Veterans’ Housing Assistance Program or other governmental loan program
regulations.13. PRORATIONS: Taxes for the current year, interest, maintenance fees, assessments,
dues and rents will be prorated through the Closing Date. If taxes for the current year vary
from the amount prorated at closing, the parties shall adjust the prorations when tax
statements for the current year are available. If a loan is assumed and the lender maintains
an escrow account, the escrow account must be transferred to Buyer without any
deficiency. Buyer shall reimburse Seller for the amount in the transferred account. Buyer
shall pay the premium for a new insurance policy. If taxes are not paid at or prior to
closing, Buyer will be obligated to pay taxes for the current year.14. CASUALTY LOSS: If any part of the Property is damaged or destroyed by fire or other
casualty loss after the effective date of the contract, Seller shall restore the Property to its
previous condition as soon as reasonably possible, but in any event by the Closing Date. If
Seller fails to do so due to factors beyond Seller’s control, Buyer may either (a) terminate
this contract and the earnest money will be refunded to Buyer (b) extend the time for
performance up to 15 days and the Closing Date will be extended as necessary or (c) accept
the Property in its damaged condition and accept an assignment of insurance proceeds.
Seller’s obligations under this paragraph are independent of any obligations of Seller under
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 10 of 13 Paragraph 7.15. DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and
Seller may either (a) enforce specific performance, seek such other relief as may be
provided by law, or both, or (b) terminate this contract and receive the earnest money
as liquidated damages, thereby releasing both parties from this contract. If, due
to factors beyond Seller’s control, Seller fails within the time allowed to make any non-
casualty repairs or deliver the Commitment, Buyer may either (a) extend the time for
performance up to 15 days and the Closing Date will be extended as necessary or (b)
terminate this contract as the sole remedy and receive the earnest money. If Seller fails to
comply with this contract for any other reason, Seller will be in default and
Buyer may either (a) enforce specific performance, seek such other relief as may be
provided by law, or both, or (b) terminate this contract and receive the earnest
money, thereby releasing both parties from this contract.16. DISPUTE RESOLUTION: It is the policy of the State of _______ to encourage the
peaceable resolution of disputes through alternative dispute resolution procedures. The
parties are encouraged to use an addendum approved by ___________ to submit to
mediation disputes which cannot be resolved in good faith through informal discussion.17. ATTORNEY'S FEES: The prevailing party in any legal proceeding brought under or
with respect to the transaction described in this contract is entitled to recover from
the non- prevailing party all costs of such proceeding and reasonable
attorney’s fees.18. ESCROW: The earnest money is deposited with escrow agent with the understanding that escrow agent is not (a) a party to this contract and does not have any liability for the performance or nonperformance of any party to this contract, (b) liable for interest
on the earnest money and (c) liable for any loss of earnest money caused by the failure of a financial institution in which the earnest money has been deposited unless the financial institution is acting as escrow agent. At closing, the earnest money must be applied first to any cash down payment, then to Buyer's closing costs and any excess refunded to Buyer. If both parties make written demand for the earnest money, escrow
agent may require payment of unpaid expenses incurred on behalf of the parties and a written release of liability of escrow agent from all parties. If one party makes written demand for the earnest money, escrow agent shall give notice of the demand by providing to
the other party a copy of the demand. If escrow agent does not receive written objection to
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 11 of 13 the demand from the other party within 30 days after notice to the other party, escrow
agent may disburse the earnest money to the party making demand reduced by the
amount of unpaid expenses incurred on behalf of the party receiving the earnest money
and escrow agent may pay the same to the creditors. If escrow agent complies with the
provisions of this paragraph, each party hereby releases escrow agent from all adverse
claims related to the disbursal of the earnest money. Escrow agent's notice to the other
party will be effective when deposited in the U. S. Mail, postage prepaid, certified mail,
return receipt requested, addressed to the other party at such party's address shown below.
Notice of objection to the demand will be deemed effective upon receipt by escrow agent.19. REPRESENTATIONS: Seller represents that as of the Closing Date (a) there will be
no liens, assessments, or security interests against the Property which will not be
satisfied out of the sales proceeds unless securing payment of any loans assumed by
Buyer and (b) assumed loans will not be in default. If any representation
in this contract is untrue on the Closing Date, this contract may be terminated by
Buyer and the earnest money will be refunded to Buyer. All
representations contained in this contract will survive closing.20. FEDERAL TAX REQUIREMENT: If Seller is a "foreign person", as defined by
applicable law, or if Seller fails to deliver an affidavit that Seller is not a "foreign person",
then Buyer shall withhold from the sales proceeds an amount sufficient to comply with
applicable tax law and deliver the same to the Internal Revenue Service together with
appropriate tax forms. IRS regulations require filing written reports if cash in excess of
specified amounts is received in the transaction.21. AGREEMENT OF PARTIES: This contract contains the entire agreement of the parties
and cannot be changed except by their written agreement. Addenda which are a part of this
contract are (list):_________________________________________________________ _______________________________________________________________________22. CONSULT YOUR ATTORNEY: Real estate licensees cannot give legal advice. The
contract is intended to be legally binding. READ IT CAREFULLY. If you do not
understand the effect of this contract, consult your attorney BEFORE signing.Buyer’s Seller’sAttorney is:______________________________Attorney is:__________________________
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 12 of 13 23. NOTICES: All notices from one party to the other must be in writing and are effective
when mailed to, hand-delivered at, or transmitted by facsimile machine as follows:To Buyer at: To Seller at:_______________________________________ _______________________________________________________________________________________________________________________________________________________________________________________Telephone ( )__________________________ Telephone ( )_______________________Facsimile ( )____________________________ Facsimile ( )________________________EXECUTED the ____ day of _________________, 20_____ (THE EFFECTIVE DATE).
(BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.)_______________________________________ ___________________________________BuyerSeller__________________________________________________________________________BuyerSellerThe form of this contract has been approved by the _______ Real Estate Commission. Such
approval relates to this contract form only. No representation is made as to the legal validity or
adequacy of any provision in any specific transaction. It is not suitable for complex
transactions. Extensive riders or additions are not to be used. BROKER INFORMATION AND RATIFICATION OF FEE Listing Broker has agreed to pay Other Broker _________________________ of the total sales
price when Listing Broker’s fee is received. Escrow Agent is authorized and directed to pay
Other Broker from Listing Broker’s fee at closing._______________________________________ ___________________________________Other Broker License No. Listing Broker License No.
One to Four Family Residential Contract Concerning __________________________________
(Address of Property)Initialed for identification by Buyer_________and Seller__________ Page 13 of 13 represents ( ) Seller as Listing Broker’s subagent represents ( ) Seller and Buyer an
intermediary ( ) Buyer only as Buyer’s agent ( ) Seller only as Seller’s
agent____________________________________Listing Associate Telephone_______________________________________________________________
__________________________________Associate Telephone Selling
AssociateTelephone_____________________________________________________________________Broker AddressBroker Address_____________________________________________________________________Telephone FacsimileTelephone Facsimile RECEIPT Receipt of ( ) Contract and ( ) $_______________ Earnest Money in the form of
________________________ is acknowledged.Escrow Agent:__________________________Date: _______________________, 20___By:_________________________________________________________________________Telephone ( )________________________Address______________________________________Facsimile ( )________________________City State Zip Code
