ContractsContract_case_studiesEASY
Which TREC addendum is used when the buyer must sell their current home to purchase?
Correct Answer
B) Addendum for Sale of Other Property by Buyer
The Addendum for Sale of Other Property by Buyer is used when the purchase is contingent on selling another property.
Answer Options
A
Third Party Financing AddendumB
Addendum for Sale of Other Property by BuyerC
Buyer's Temporary Residential LeaseD
Short Sale AddendumVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
contract-contingenciestrec-addenda-usagereal-estate-contract-enforceability
Key Terms:
TREC addendumhome sale contingencyAddendum for Sale of Other Property by BuyerTexas real estate contractsTREC Form 10-7
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