Under the TREC One to Four Family Residential Contract, the buyer is given rights in all of the following paragraphs EXCEPT:
Correct Answer
D) Paragraph 8 — Right to set the broker's commission rate
Paragraph 8 addresses broker fees, which are determined by separate agreements between brokers and their clients. The buyer does not have a right to set the broker's commission rate through the purchase contract.
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Under the TREC One to Four Family Residential Contract, Paragraph 7E addresses lender-required repairs. If the buyer's lender requires certain repairs before funding the loan, who is responsible for making those repairs?
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In the TREC One to Four Family Residential Contract, the effective date is determined by which event?