EQUAL HOUSINGOPPORTUNITY09-22-97
PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)
NEW HOME CONTRACT
(Completed Construction)
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, Texas,
known as (Address/Zip Code),
or as described on attached exhibit, together with the improvements, fixtures and all other property located
thereon. All property sold by this contract is called the "Property." The Property q is q is not subject to
mandatory membership in an owners' association. The TREC Addendum For Property Subject To
Mandatory Membership In An Owners’ Association q is q 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 FHA Mortgage Insurance
Premium [MIP], VA funding fee, or Private Mortgage Insurance Premium [PMI])..$ 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 and make every reasonable effort to obtain financing. Financing 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) 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)
q A. THIRD PARTY FINANCING:
q(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 q with q without
PMI.
q(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 q with
q without PMI.
q B. FHA INSURED FINANCING: This contract is subject to approval for Buyer of a Section FHA
insured loan of not less than $ (excluding any financed MIP), amortizable
monthly for not less than years, with interest not to exceed % per annum for the first
year(s) of the Loan.
As required by HUD-FHA, if FHA valuation is unknown, "It is expressly agreed that,
notwithstanding any other provisions of this contract, the purchaser (Buyer) shall not be
obligated to complete the purchase of the property described herein or to incur any penalty
by forfeiture of earnest money deposits or otherwise unless the purchaser (Buyer) has been
given in accordance with HUD/FHA or VA requirements a written statement issued by the Federal
Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement Lender setting
forth the appraised value of the Property of not less than $ . The
purchaser (Buyer) shall have the privilege and option of proceeding with consummation of the
contract without regard to the amount of the appraised valuation. The appraised valuation is
Initialed for identification by Buyer and Seller 01A TREC NO. 24-2
New Home (Completed Construction) Contract Concerning Page Two 09-22-97
(Address of Property)
arrived at to determine the maximum mortgage the Department of Housing and Urban
Development will insure. HUD does not warrant the value or the condition of the Property.
The purchaser (Buyer) should satisfy himself/herself that the price and the condition of the Property
are acceptable." If the FHA appraised value of the Property (excluding closing costs and MIP)
is less than the Sales Price (3C above), Seller may reduce the Sales Price to an amount equal to
the FHA appraised value (excluding closing costs and MIP) and the parties to the sale shall close
the sale at such lower Sales Price with appropriate adjustments to 3A and 3B above.
q C. VA GUARANTEED FINANCING: This contract is subject to approval for Buyer of a VA
guaranteed loan of not less than $ (excluding any financed Funding Fee), amortizable
monthly for not less than years, with interest not to exceed % per annum for the first
year(s) of the Loan.
VA NOTICE TO BUYER: "It is expressly agreed that, notwithstanding any other provisions of this
contract, the Buyer shall not incur any penalty by forfeiture of earnest money or otherwise or be
obligated to complete the purchase of the Property described herein, if the contract purchase price
or cost exceeds the reasonable value of the Property established by the Department of Veterans
Affairs. The Buyer shall, however, have the privilege and option of proceeding with the consummation
of this contract without regard to the amount of the reasonable value established by the Department
of Veterans Affairs."
If Buyer elects to complete the purchase at an amount in excess of the reasonable value established
by VA, Buyer shall pay such excess amount in cash from a source which Buyer agrees to disclose
to the VA and which Buyer represents will not be from borrowed funds except as approved by VA.
If VA reasonable value of the Property is less than the Sales Price (3C above), Seller may reduce
the Sales Price to an amount equal to the VA reasonable value and the parties to the sale shall
close at such lower Sales Price with appropriate adjustments to 3A and 3B above.
q D. TEXAS VETERANS' HOUSING ASSISTANCE PROGRAM LOAN: This contract is subject to
approval for Buyer of a Texas Veterans' Housing Assistance Program Loan (the Program Loan)
of $ for a period of at least years at the interest rate established
by the Texas Veterans' Land Board at the time of closing.
q E. 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 TREC Seller Financing Addendum. If an owner
policy of title insurance is furnished, Buyer shall furnish Seller with a mortgagee policy of title
insurance.
q F. CREDIT APPROVAL ON SELLER FINANCING: Within days after the effective date of this
contract, Buyer shall deliver to Seller q credit report q verification of employment, including
salary q verification of funds on deposit in financial institutions q current financial statement to
establish Buyer's creditworthiness for seller financing and q .
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 ,
19 . If Buyer fails to deposit the earnest money as required by this contract, Buyer will be in default.
Initialed for identification by Buyer and Seller 01ATREC NO. 24-2
New Home (Completed Construction) Contract Concerning Page Three 09-22-97
(Address of Property)
6.TITLE POLICY AND SURVEY:
q A.TITLE POLICY: Seller shall furnish to Buyer at q Seller’s q 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 or boundary
lines, encroachments or protrusions, or overlapping improvements.
(7)The standard printed exception as to marital rights.
(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.
q B. SURVEY: (Check one box only)
q(1)Within days after Buyer's receipt of a survey furnished to a third-party
lender at q Seller’s q Buyer's expense, Buyer may object in writing to any matter shown
on the survey which constitutes a defect or encumbrance to title.
q(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 matter 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.
NOTICE TO SELLER AND BUYER:
(1)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.
(2)If the Property is situated in a utility or other statutorily created district providing water,
sewer, drainage, or flood control facilities and services, Chapter 49 of the Texas Water Code requires
Seller to deliver and Buyer to sign the statutory notice relating to the tax rate, bonded indebtedness,
Initialed for identification by Buyer and Seller 01ATREC NO. 24-2
New Home (Completed Construction) Contract Concerning Page Four09-22-97
(Address of Property)
or standby fee of the district prior to final execution of this contract.
(3)If the Property abuts the tidally influenced waters of the state, Section 33.135, Texas Natural
Resources Code, requires a notice regarding coastal area property to be included in the contract.
An addendum either promulgated by TREC or required by the parties should be used.
(4)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 TREC or required by the parties should be used.
(5)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.
(6)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 Texas.
7. PROPERTY CONDITION:
A.INSPECTIONS, ACCESS AND UTILITIES: Buyer may have the Property inspected by an inspector
selected by Buyer, licensed by TREC 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. ACCEPTANCE OF PROPERTY CONDITION: (check one box only):
q(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 q will q will not be credited to the Sales Price at closing.
q(2)Buyer accepts the Property in its present condition; provided Seller, at Seller’s expense, shall
complete the following repairs and treatment: .
C.LENDER REQUIRED REPAIRS AND TREATMENTS (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.
D.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 may do so and the Closing Date will be extended up to 15 days, if necessary, to complete repairs
and treatment.
E.WARRANTIES: In connection with all improvements, fixtures and all other property located on or made
a part of the Property: (check one box only):
q(1) Seller makes no express warranties.
q(2) Seller makes the express warranties stated in Paragraph 11 or as attached.
Seller agrees to assign to Buyer at closing all assignable manufacturer warranties.
F.INSULATION: Insulation information required under Federal Trade Commission Regulations is included
in the attached TREC addendum or a disclosure form provided by Seller.
Initialed for identification by Buyer and Seller 01ATREC NO. 24-2
New Home (Completed Construction) Contract Concerning Page Five 09-22-97
(Address of Property)
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 , 19 , 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 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 form promulgated
by TREC 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. TREC
rules prohibit licensees from adding factual statements or business details for which a contract addendum,
lease or other form has been promulgated by TREC for mandatory use.)
12. SETTLEMENT AND OTHER EXPENSES:
A. The following expenses must be paid at or prior to closing:
(1) Loan appraisal fees will be paid by .
(2)The total of the loan discount and buydown fees (including any Texas 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
may not exceed which will be paid by .
(3)Seller's Expenses:
(a)All Sales: Lender, FHA or VA completion requirements, releases of existing liens, including
prepayment penalties and recording fees; tax statements or certificates; preparation of deed;
one-half of escrow fee; those expenses Buyer is prohibited by FHA or VA from paying; and other
expenses stipulated to be paid by Seller under other provisions of this contract.
(b)VA Loan Sales: Those expenses stated in 3(a) above and other expenses VA regulation
prohibits Buyer from paying.
Initialed for identification by Buyer and Seller 01ATREC NO. 24-2
New Home (Completed Construction) Contract Concerning Page Six 09-22-97
(Address of Property)
(4)Buyer's Expenses:
(a)All Sales: Expenses incident to any loan, including application, origination, and commitment
fees; interest on the notes from date of disbursement to one month prior to date of first monthly
payments; recording fees; endorsements required by lender; copies of easements and
restrictions; mortgagee title policy; loan-related inspection fees; credit reports; all prepaid items,
including required premiums for flood and hazard insurance, reserve deposits for insurance,
ad valorem taxes and special governmental assessments; tax deletion; EPA endorsement; final
compliance inspection; other expenses stipulated to be paid by Buyer under other provisions of
this contract.
(b)Conventional Loan Sales: Expenses noted above and other loan-related expenses, including
PMI premiums, photos, amortization schedules, one-half of escrow fee, preparation of loan
documents, courier fee, repair inspections, underwriting fee, wire transfer, tax statements or
certificates.
(c)FHA Loan Sales: Expenses noted above and other loan-related expenses, including photos,
amortization schedules, one-half of escrow fee, preparation of loan documents, courier fee and
repair inspections.
B. The VA Loan Funding Fee or FHA Mortgage Insurance Premium (MIP) not to exceed will be paid by Buyer, and q paid in cash at closing q added to the amount of the loan or q paid as
follows: .
C.If any expense exceeds an amount 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 FHA, VA or other governmental loan program
regulations.
13. PRORATIONS: Taxes for the current year, maintenance fees, assessments, dues and rents will be
prorated through the Closing Date. If Seller’s change in use of the Property prior to closing or denial of a
special use valuation claimed by Seller results in the assessment of additional taxes for periods prior to
closing, the additional taxes will be the obligation of Seller, and the obligation will survive closing. 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
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 Texas to encourage the peaceable resolution of
disputes through alternative dispute resolution procedures. The parties are encouraged to use an
addendum approved by TREC to submit to mediation disputes which cannot be resolved in good faith
through informal discussion.
Initialed for identification by Buyer and Seller 01ATREC NO. 24-2
New Home (Completed Construction) Contract Concerning Page Seven09-22-97
(Address of Property)
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 any 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 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 there will be no liens, assessments,
or security interests against the Property which will not be satisfied out of the sales proceeds. 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. This 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's
Attorney is: Attorney is: Initialed for identification by Buyer and Seller 01A TREC NO. 24-2
The form of this contract has been approved by the Texas 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. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188,
1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us) TREC NO. 24-2. This form replaces TREC NO. 24-1.
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.
representsq Seller as Listing Broker’s subagent
q Buyer only as Buyer’s agentListing BrokerLicense No.
represents q Seller and Buyer as an intermediary
q Seller only as Seller’s agent
Listing AssociateTelephone
AssociateTelephone
Selling AssociateTelephone
Broker AddressBroker Address
TelephoneFacsimileTelephone Facsimile New Home (Complete Construction) Contract Concerning Page Eight 09-22-97
(Address of Property)
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 , 19 (THE EFFECTIVE DATE). (BROKER: FILL
IN THE DATE OF FINAL ACCEPTANCE.)
BuyerSeller
Buyer
Seller
RECEIPT
Receipt of q Contract and q $ Earnest Money in the form of is acknowledged.
Escrow Agent: Date: , 19 By:
Telephone: ( ) Address
Facsimile: ( ) CityStateZip Code
01A TREC NO. 24-2
