Under the TREC Addendum for Property Subject to Mandatory Membership in a Property Owners Association, if the buyer determines they are not satisfied with the HOA documents within the review period, the buyer:
Correct Answer
C) May terminate the contract and receive a refund of the earnest money
Under the TREC addendum, if the buyer is not satisfied with the HOA documents within the review period, the buyer may terminate the contract and receive a refund of the earnest money. This is a contractual right provided by the addendum.
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