Under the TREC One to Four Family Residential Contract, Paragraph 11 (Special Provisions) allows a license holder to insert which type of content?
Correct Answer
A) Factual statements and business details agreed upon by the parties
Paragraph 11 (Special Provisions) is designated for factual statements and business details that are agreed upon by the parties. License holders may insert items like the inclusion of specific personal property, simple repair agreements, or other factual business details.
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Previous Question
In a TREC One to Four Family Residential Contract, the buyer and seller agree the seller will make certain repairs before closing. The contract is signed and the option period has expired. Before closing, the buyer discovers the seller has not made the agreed-upon repairs. Under the contract, the buyer may:
Next Question
Under the TREC One to Four Family Residential Contract, Paragraph 6B addresses the buyer's obligation regarding the survey. The contract allows the buyer to object to items shown on the survey within a specified timeframe. If the buyer fails to object within that timeframe, the buyer: