Under the TREC One to Four Family Residential Contract, Paragraph 21 specifies the accepted methods of delivering notices between parties. Which of the following is a recognized delivery method?
Correct Answer
A) Hand delivery, mail, or other method specified in the contract
Paragraph 21 of the TREC contract specifies accepted notice delivery methods including hand delivery, mail, and other methods as specified in the contract (which may include email or fax). Notices must be sent to the addresses listed in the contract.
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A buyer and seller in Texas execute the TREC One to Four Family Residential Contract. The buyer plans to obtain an FHA loan. Which TREC addendum must be attached to the contract to address the financing terms?
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A seller accepts a buyer's offer using the TREC One to Four Family Residential Contract. Two days later, the seller receives a higher offer from another buyer. The seller wants to accept the second offer. Under the executed contract, the seller: