A Texas sales agent represents a buyer who wants to purchase a newly built home directly from a licensed builder. The home is fully completed. Which TREC promulgated contract form should the sales agent use?
Correct Answer
B) The New Home Contract (Completed Construction)
When purchasing a completed new home directly from the builder, the appropriate TREC promulgated form is the New Home Contract (Completed Construction). This form contains provisions specific to new construction, including builder warranties.
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Previous Question
A Texas license holder prepares a TREC promulgated contract for a residential sale. Before the buyer signs, the license holder strikes through the paragraph regarding the survey requirement and writes 'N/A - Survey Waived' in the margin. What is the potential consequence for this license holder?
Next Question
License holder Kim is helping a buyer purchase a residential property that is currently a foreclosure being sold by a bank (REO property). The bank provides its own lengthy purchase agreement drafted by its corporate attorneys. Kim should: