Texas Real Estate Contracts: Promulgated Forms, Disclosures, and Water
Districts
Study online at https://quizlet.com/_jqotac
1. What type of deed is required A general warranty deed.
for title delivery in TREC con-
tracts?
2. Who is required to use TREC All licensees, except in specific circumstances such as using a
promulgated contracts? lawyer or preparing their own contracts.
3. What must a listing agreement A definite termination date, adequate property description,
include to be valid? fair housing statement, asking price, definable broker fee, and
seller's signature.
4. What is the TREC form number TREC No. 20-18.
for the One to Four Family Res-
idential Contract (Resale)?
5. What is the purpose of the It creates a contingency contract if the buyer's existing property
Addendum for Sale of Other must be sold before purchasing the new property.
Property by Buyer?
6. What happens to the backup The backup contract automatically moves to first place.
contract if the first contract
falls through?
7. What is the TREC form number TREC No. 26-8.
for the Seller Financing Adden-
dum?
8. What does the Environmen- Concerns about how environmental matters may affect the
tal Assessment Addendum ad- property.
dress?
9. What is the purpose of the To add additional items of personal property that are to stay
Non-Realty Items Addendum? with the property.
1/9
, Texas Real Estate Contracts: Promulgated Forms, Disclosures, and Water
Districts
Study online at https://quizlet.com/_jqotac
10. What does the Third-Party Fi- It must accompany the offer if any financing is provided by a
nancing Addendum require? third-party.
11. What must the buyer provide A written statement from the lender explaining the reason for
if they cannot obtain loan ap- disapproval.
proval?
12. What does the Addendum for It allows the buyer to elect to receive information about the
Property Subject to Mandato- property owners association.
ry Membership in a Property
Owners Association allow?
13. What is the TREC form number TREC No. 38-7.
for the Notice of Buyers' Termi-
nation of Contract?
14. What is the purpose of the To change or add terms to a contract that has already been
Amendment to Contract form? executed.
15. What does the Addendum It allows termination based on the lender's appraisal when
Concerning Right to Terminate using the Third-Party Financing Addendum.
Due to Lender's Appraisal al-
low?
16. What is the TREC form number TREC No. 33-2.
for the Addendum for Coastal
Area Property?
17. What is the TREC form number TREC No. 34-4.
for the Addendum for Proper-
ty Located Seaward of the Gulf
Intercoastal Waterway?
2/9
Districts
Study online at https://quizlet.com/_jqotac
1. What type of deed is required A general warranty deed.
for title delivery in TREC con-
tracts?
2. Who is required to use TREC All licensees, except in specific circumstances such as using a
promulgated contracts? lawyer or preparing their own contracts.
3. What must a listing agreement A definite termination date, adequate property description,
include to be valid? fair housing statement, asking price, definable broker fee, and
seller's signature.
4. What is the TREC form number TREC No. 20-18.
for the One to Four Family Res-
idential Contract (Resale)?
5. What is the purpose of the It creates a contingency contract if the buyer's existing property
Addendum for Sale of Other must be sold before purchasing the new property.
Property by Buyer?
6. What happens to the backup The backup contract automatically moves to first place.
contract if the first contract
falls through?
7. What is the TREC form number TREC No. 26-8.
for the Seller Financing Adden-
dum?
8. What does the Environmen- Concerns about how environmental matters may affect the
tal Assessment Addendum ad- property.
dress?
9. What is the purpose of the To add additional items of personal property that are to stay
Non-Realty Items Addendum? with the property.
1/9
, Texas Real Estate Contracts: Promulgated Forms, Disclosures, and Water
Districts
Study online at https://quizlet.com/_jqotac
10. What does the Third-Party Fi- It must accompany the offer if any financing is provided by a
nancing Addendum require? third-party.
11. What must the buyer provide A written statement from the lender explaining the reason for
if they cannot obtain loan ap- disapproval.
proval?
12. What does the Addendum for It allows the buyer to elect to receive information about the
Property Subject to Mandato- property owners association.
ry Membership in a Property
Owners Association allow?
13. What is the TREC form number TREC No. 38-7.
for the Notice of Buyers' Termi-
nation of Contract?
14. What is the purpose of the To change or add terms to a contract that has already been
Amendment to Contract form? executed.
15. What does the Addendum It allows termination based on the lender's appraisal when
Concerning Right to Terminate using the Third-Party Financing Addendum.
Due to Lender's Appraisal al-
low?
16. What is the TREC form number TREC No. 33-2.
for the Addendum for Coastal
Area Property?
17. What is the TREC form number TREC No. 34-4.
for the Addendum for Proper-
ty Located Seaward of the Gulf
Intercoastal Waterway?
2/9
