GB 406 CHAPTER 7 LECTURE NOTES
TYPES OF DEEDS
TREC Form 20-12 requires the seller to execute and deliver to the buyer a general warranty deed.
There are other kinds of deeds and the parties can agree to a different type of deed if they wish.
A general war
GB 406 CHAPTER 8 LECTURE NOTES
As previously noted financing is usually a significant factor in real estate transactions. Once a contract is
finalized it is usually delivered to the title company selected by the parties along with the earnest money.
GB 406 CHAPTER 4 LECTURE NOTES
As previously discussed the Texas Real Estate Commission provides forms for various kinds of real estate
transactions and addenda for licensees to use. The forms are periodically updated by the Lawyer-Broker
committee as cha
GB 406 CHAPTER 3 LECTURE NOTES
BASIC CONTRACT LAW
Contracts are a regular part of our daily lives. If your gas tank is low and you pull into a station to fill up,
you accept the offer to pay the price on the pump for the fuel grade you selected. If you pa
GB 406 CHAPTER 6 LECTURE NOTES
A real estate agent should be able to assist buyers either as a client or customer, to obtaining financing
because most transactions involve loans to purchase property. More buyers qualifying for loans increase
GB 406 CHAPTER 5 LECTURE NOTES
The forms promulgated by TREC are updated by the Lawyer Broker committee as needed by changes in
law. Completing the forms requires the parties to consider all issues involved in sale of property and
record their agreement.