Property Description
Legal description, street address, and parcel identifiers must match title documents; errors create closing delays or title objections and may require corrective instruments.
Using the TREC Residential Sales Contract streamlines negotiations, clarifies responsibilities, and aligns with common title and closing workflows in Texas. Its standardized clauses address financing contingencies, inspections, title delivery, and closing timelines, reducing ambiguity and supporting timely closings.
The TREC Residential Sales Contract is used throughout the residential real estate ecosystem in Texas.
A buyer (or authorized buyer representative) signs to accept contract terms and to obligate the buyer to purchase subject to any contingencies. If the buyer is an entity, the signer must have authority to bind the entity; mismatched or unauthorized signatures can void enforcement.
A seller (or authorized signatory) signs to agree to transfer ownership subject to the contract conditions. Sellers should confirm identification and authorization, and coordinate delivery of required disclosures and title documents through the title company.
Legal description, street address, and parcel identifiers must match title documents; errors create closing delays or title objections and may require corrective instruments.
Sale price, seller financing terms if any, and buyer financing conditions (including application deadlines) determine whether the buyer must proceed or terminate under financing contingencies.
Amount, deposit deadlines, recipient (title or escrow), and release conditions should be explicit to avoid disputes over forfeiture or return on contract termination.
Title commitment delivery, exceptions, and survey requirements define what defects must be cured prior to closing and who pays for corrective actions.
Inspection periods, response deadlines, and repair obligations specify seller remedies and buyer termination rights if significant defects are discovered.
Closing date, prorations, possession timing, and escrow instructions coordinate when ownership and occupancy transfer and who pays closing costs.
| Field | Configuration |
|---|---|
| Document Template | Use the official TREC form PDF or DOCX as the base template |
| Signer Order | Set buyer then seller or simultaneous signing per transaction needs |
| Required Fields | Mark names, prices, dates, initials, and signature fields as mandatory |
| Notifications | Enable automatic reminders and completion certificates for audit trail |
Confirm required file formats, signer authentication options, and integration touchpoints before sending documents for signature.
Deposit due by the date specified in the contract to satisfy the contract condition.
Buyer’s inspection period and termination rights end on the option expiration date.
Deadline to deliver lender approval or remove financing contingency.
Seller must provide title commitment by the date stated in the contract.
Date when parties complete funding, sign closing documents, and record the deed.
Provide the title commitment PDF and any exceptions that affect marketable title prior to closing to allow timely cures.
Attach property condition and required statutory disclosures; retain copies in broker file for compliance.
Include current survey or plat and HOA resale certificates where applicable; these affect title and possession conditions.
Save and share signed files as searchable PDF or DOCX to preserve text, enable indexing, and maintain audit trails.
Contract executed by buyer and seller, earnest money instructed
Buyer completes inspections and issues repair requests or termination
Lender clears conditions and issues loan approval
Funding occurs, deed delivered, and deed recorded in public records