A seller in Texas wants to sell his property 'as is' without any repairs. The seller asks his license holder to delete the property condition paragraph from the TREC promulgated contract. The license holder should:
Correct Answer
A) Use the TREC promulgated Addendum for Property Sold 'As Is' and explain that the base contract cannot be modified
TREC provides specific addenda for common transaction variations, including 'as is' sales. The license holder should use the appropriate TREC addendum rather than modifying the base contract. The promulgated form cannot be modified by deleting paragraphs.
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A Texas license holder is uncertain whether a specific promulgated form has been updated. What is the BEST resource for the agent to verify the current version of any TREC promulgated form?
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Agent Wilson represents a buyer purchasing a townhouse in an HOA community. In addition to the TREC One to Four Family Residential Contract, which TREC addendum is Wilson MOST likely required to include?