Under the TREC One to Four Family Residential Contract, Paragraph 2 addresses the property description. Agent Lopez is completing this section for a buyer purchasing a home with a detached garage and a storage shed. How should Lopez describe these items?
Correct Answer
C) Include the legal description of the property and describe improvements including the garage and storage shed
Paragraph 2 of the TREC contract requires the legal description of the property and a description of improvements. The license holder should include all improvements on the property, including the detached garage and storage shed, to avoid disputes about what is included in the sale.
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The TREC One to Four Family Residential Contract (Resale) is identified by which form number?
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In a Texas transaction using the TREC One to Four Family Residential Contract, the buyer and seller disagree about whether a mounted flat-screen TV in the living room is included in the sale. According to Paragraph 2 of the contract, which items are automatically included as part of the property?