TX Prom Forms Unit 3 Parties Property & Money.pptx - Unit 3 Parties Property and the Money Information Needed to Complete Contract Forms(Including

TX Prom Forms Unit 3 Parties Property & Money.pptx - Unit 3...

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Unit 3 Parties, Property, and the Money
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Information Needed to Complete Contract Forms (Including Financing Costs)
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©Kaplan, Inc. Information Needed to Complete Contract Forms This checklist will enable the licensee to guide the parties in the selection of the appropriate contract form for their situation and the needed addenda to clearly define the details of the transaction.
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms NOTE: Any reservation for oil, gas, or other minerals, water, timber, or other interests is made in accordance with the Addendum for Reservation of Oil, Gas and Other Minerals.
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©Kaplan, Inc. Information Needed to Complete Contract Forms To complete paragraph 3 Cash down payment $ _____ Amount of loans $ _____ Sales price $ _____
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms To complete paragraph 11 Are there any business details not addressed in other parts of the contract? __________________
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©Kaplan, Inc. Information Needed to Complete Contract Forms To complete paragraph 12 The seller must pay all of the seller expenses, plus any amount agreed to pay for buyer in paragraph 12. How much will seller contribute toward buyer’s expenses? $ _____
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms To complete paragraph 22 What addenda will need to be added to the agreement? ______________ _______________________________
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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©Kaplan, Inc. Information Needed to Complete Contract Forms
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Elements of One to Four Family Residential Contract (Resale) and Non-Realty Items Addendum
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©Kaplan, Inc. The heading indicates its intended use (the title); it is for resale, not new construction; it is only for one to four family properties; it is not for use with condominiums; and it is promulgated.
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©Kaplan, Inc. The Date The date in the upper right corner is the date that TREC approved and promulgated the form. License holders must be aware of the date and verify they are using the current form. Using an old form violates the TRELA.
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  • Spring '19
  • Mortgage loan, seller

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