Under the TREC One to Four Family Residential Contract, who typically pays for the owner's title insurance policy?
Correct Answer
C) The seller typically pays for the owner's title policy unless otherwise negotiated
Under Paragraph 6A of the TREC contract, the seller typically pays for the owner's title insurance policy. However, this is negotiable between the parties and can be changed in the contract.
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More Promulgated Contract Forms Questions
In Texas, title insurance rates are:
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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:
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In a TREC One to Four Family Residential Contract, the buyer has agreed to a 10-day option period ending on March 20. On March 19, the buyer's inspector finds major plumbing issues. The buyer sends a termination notice by email at 11:30 PM on March 20. Is the termination valid?