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Promulgated Contract FormsOne_to_four_family_contractMEDIUM

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:

Correct Answer

A) Automatically waives the right to object to survey items

Under the TREC contract, if the buyer does not object to items shown on the survey within the specified timeframe, the buyer is deemed to have accepted the survey and waives the right to object to those items.

Answer Options
A
Automatically waives the right to object to survey items
B
May still object but must pay for the seller's attorney fees
C
Can request a 15-day extension to review the survey
D
Must hire a new surveyor for a second opinion

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Related Topics & Key Terms

Key Terms:

one_to_four_familysurveyparagraph_6Bobjection_deadline
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