CONTRACT CORNER
Use this document to request repairs after an inspection.
What is the Amendment to the Contract?
True or False: Agents must disclose if they are related to the buyer or seller.
What is true?
This form discloses property condition to the buyer.
What is the Seller’s Disclosure Notice?
We'd use this form to let a seller know the buyer needs to sell their home before closing.
Addendum for Sale of Other Property by Buyer.
This platform favors short-form, trending videos.
What is TikTok?
This addendum should be used if a buyer has financing.
What is the Third Party Financing Addendum?
This is how we explain agency relationships to consumers.
What is the Information About Brokerage Services form?
This form should be presented and initialed by the customer the first substantive discussion.
What is the Information About Brokerage Services?
Buyer’s financing falls through one day before closing. This determines if they keep their earnest money.
What is the financing contingency terms and agreed upon timeframe?
Name two situations where a TREC promulgated form must NOT be used.
What is when no TREC form exists or when prepared by a property owner or attorney?
This is the difference between puffery and misrepresentation in advertising.
What is puffery is subjective opinion; misrepresentation is a false statement of fact.
Seller accepts a backup offer and this document secures the backup position.
What is Addendum for Back-Up Contract?
This TREC addendum must be used for a property in an improvement district with an ongoing assessment.
What is the Notice to Pay Improvement District Assessment?
This is the proper handling of earnest money when both parties dispute entitlement after termination.
What is hold funds until mutual release or court order, per Paragraph 18C?
This is how an agent should proceed if their client requests an illegal discriminatory statement be added to the listing.
What is refuse and explain fair housing law; consider ending the representation?
In the TREC contract, this paragraph addresses additional informational items, and only factual details are allowed there.
Paragraph 11, Special Provisions
The legal presumption that the public is aware of recorded documents, even if they have not been personally viewed.
What is constructive notice?