TREC adopts two forms, updates sixTREC adopts two forms, updates sixhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=194232018-03-09T06:00:00Z2018-03-09T16:00:00Z

​​​​AUSTIN – The Texas Real Estate Commission (TREC) adopted two new forms and revised six others at its February meeting. Use of these forms is voluntary until May 15, when they become mandatory.​

New forms:

  • Addendum Concerning Right to Terminate Due to Lender’s Appraisal (TREC 49-0)

  • Addendum for Authorizing Hydrostatic Testing (TREC 48-0)

Revised forms:

  • One to Four Family Residential Contract (Resale) (TREC 20-14)

  • New Home Contract (Incomplete Construction) (TREC 23-15)

  • New Home Contract (Completed Construction) (TREC 24-15)

  • Residential Condominium Contract (Resale) (TREC 30-13)

  • Unimproved Property Contract (TREC 9-13)

  • Farm & Ranch Contract (TREC 25-12)

In addition, the Texas Association of Realtors (TAR) has adopted changes to the:

  • New Residential Condominium Contract (Completed Construction) (TAR 1608) and

  • New Residential Condominium Contract (Incomplete Construction) (TAR 1609).

TAR form changes took effect Feb. 12.

For more information on the form changes, visit TREC or TAR online.

Texas Association of REALTORS
https://www.texasrealestate.com/members/posts/updates-to-trec-forms-and-explanations-of-what-the-changes-mean/Read more at {Source}

 Search NewsTalk Texas