Agent Marshall is completing the TREC One to Four Family Residential Contract for a buyer purchasing a home in a subdivision with deed restrictions. Paragraph 6D addresses deed restrictions. If the buyer discovers that the deed restrictions prohibit operating a home-based business, which the buyer planned to do, the buyer may:
Correct Answer
A) Object to the restrictions within the title objection period and potentially terminate if not resolved
Under the TREC contract, the buyer has the right to review and object to title-related items, including deed restrictions, within the specified objection period. If the restrictions are unacceptable, the buyer may negotiate or terminate the contract if the issue cannot be resolved.
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In the TREC One to Four Family Residential Contract, Paragraph 5 addresses earnest money. Where must the earnest money be deposited according to the contract?
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Under the TREC One to Four Family Residential Contract, all of the following are recognized methods for the buyer to pay the sales price EXCEPT: