Under the TREC One to Four Family Residential Contract, all of the following are addressed in Paragraph 6 (Title Policy and Survey) EXCEPT:
Correct Answer
A) The amount and delivery date of the earnest money deposit
The earnest money deposit amount and delivery are addressed in Paragraph 5 (Earnest Money) of the TREC contract, not in Paragraph 6. Paragraph 6 deals specifically with title policy and survey matters.
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Previous Question
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?
Next Question
In the TREC One to Four Family Residential Contract, Paragraph 3 addresses the sales price and financing. If a buyer is obtaining third-party financing, the agent must: