Tag Archives: forms

Who pays the transfer fees in a transaction involving an HOA?

Some homeowners associations charge fees for transferring the ownership of property from a seller to a buyer. Paragraph C, Fees, of the Addendum for Property Subject to Mandatory Membership in a Property Owners Association (TAR 1922, TREC 36-8) covers that … Continue reading

Posted in Legal | Tagged , , , | 5 Comments

What warranties do buyers have with new construction?

The New Home Contract (Incomplete Construction) (TAR 1603, TREC 23-14) and New Home Contract (Complete Construction) (TAR 1604, TREC 24-14) both have a Warranties section under Paragraph 7, Property Condition. Both sections state that the seller makes no warranties other … Continue reading

Posted in Legal | Tagged , , , | Leave a comment

TREC proposes changes to earnest money and other paragraphs

The Texas Real Estate Commission met on August 7 and adopted amendments to existing rules and proposed several more. View the meeting materials packet, which provides more details about all the changes, on TREC’s website. Here’s a breakdown of a … Continue reading

Posted in TREC, Uncategorized | Tagged , , , , , | Leave a comment

TREC proposes rule amendment that would affect availability of TAR forms

The Texas Real Estate Commission met on August 7 and adopted amendments to existing rules and proposed several more. View the meeting materials packet, which provides more details about all the changes, on TREC’s website. Here’s a breakdown of a … Continue reading

Posted in TREC | Tagged , , , | Leave a comment

TREC proposes limits for when lawyers can draft contracts for principals who aren’t their clients

The Texas Real Estate Commission met on August 7 and adopted amendments to existing rules and proposed several more. View the meeting materials packet, which provides more details about all the changes, on TREC’s website. Here’s a breakdown of a … Continue reading

Posted in TREC | Tagged , , , | Leave a comment

How well do you know your TAR forms?

There are 126 forms available exclusively to members of the Texas Association of REALTORS®. Take our true-or-false quiz about the proper use of TAR forms to test your knowledge and refresh your memory. Find explanations of the answers in the … Continue reading

Posted in Legal | Tagged , , | 6 Comments

Not all contract deadlines are created equal

“Time is of the essence” When this phrase accompanies a deadline in a contract, performance by party to the contract within the time specified is essential to that party’s right to require performance by the other party. Not all contract … Continue reading

Posted in Legal | Tagged , , , | Leave a comment