when property already under contract in case of fall throaddendum: must be used if mandatory HOA, subdivision info, notice of termination of contract: terminate during option period, amendment to contract: chang
Personal Finance How to Fill Out a FHA Financing Addendum Procedures The trustee is usually an escrow or title company that holds title to the property while the loan is in repayment. When the loan is paid in full, the trustor is responsible for transferring the title to the borrower. A ne...
1. The TREC-promulgated Seller Financing Addendum states that if a Sellerdetermines at Seller's sole discretion that the buyer's credit is unacceptable, the Sellermay terminate the contract and return the earnest money to the buyer.A. TrueB. False A 2. A Municipal Utility District (MUD) is...
seller (principal) - broker (agent) - buyer (customer) In a traditional real estate transaction___ the is represented by a ___ with the property being sold to a ___ Mediation The process by which a neutral third party assists parties in a conflict situation, hopefully arriving at a mut...
Which of the Texas Real Estate Commission addenda contains the words "time is of the essence?" - ANSWER-They are The Addendum for Sale of Other Property by Buyer, The Back-Up Addendum, and the Third-Party Financing Condition Addendum. An option clause is always in...
D. The fact that the seller is a licensed real estate salesperson C. The information from any TR addendumTR addenda information can be added in special provisions. Only TREC addenda information is prohibited. There is a TREC addenda for answer a, and answer d is covered in the contract ...
Reverse Mortgage Financing Addendum. The Reverse Mortgage Financing Addendum is not a TREC promulgated addendum; it was approved for voluntary use for a time but no longer exists. Which of the following forms of advice can a licensee give to an unrepresented buyer?
a. The estateb. The propertyc. The listingd. The homestead B The Third Party Financing Addendum for Credit Approval cannot be used for ___.a. VA guaranteed loansb. FHA insured loansc. Seller Financingd. Texas Veterans Loans C The sales price is equal to ___ in the 1-4 Family Resid...