Texas Real Estate Contracts

by Tamper, Ralph

• ISBN13: 9780793136896
• ISBN10: 079313689X
• Edition: 2nd
• Format: Paperback
• Copyright: 2000-10-01
• Publisher: Dearborn Trade

Table of Contents

Dedication	iii
Preface	vii
Acknowledgments	ix
About the Author	x
PART 1. An Agreement or a Contract?	1	(10)
Valid/Void/Unenforceable/Voidable	3	(1)
Presenting Offers	3	(2)
Performance	5	(1)
Bilateral Versus Unilateral	5	(1)
Interpreting Contracts	6	(1)
Reasonable Time Versus ``Time Is Of The Essence''	6	(1)
Assignment Versus Novation	6	(1)
Summary	7	(1)
Review Questions	8	(3)
PART 2. The Texas Real Estate License Act and the Rules of the Texas Real Estate Commission	11	(12)
Texas Real Estate Commission Forms	14	(5)
Summary	19	(1)
Review Questions	20	(3)
PART 3. Contract and Addenda Provisions	23	(54)
Summary	71	(3)
Review Questions	74	(3)
PART 4. Additional TREC Promulgated Contract Forms	77	(26)
Review Questions	101	(2)
PART 5. Practice Makes Perfect	103	(124)
80% Conventional Fixed Rate Loan
Utilizing: TREC 20-4, 28-0, 36-1	104	(14)
90% Conventional Fixed Rate Loan With PMI
Utilizing: TREC 20-4, Lead-Based Paint Addendum	118	(11)
80% Conventional ARM with PMI
Utilizing: TREC 20-4, 35-1	129	(11)
FHA 2038 Acquisition Cost
Utilizing: TREC 21-4	140	(10)
VA Guaranteed Loan
Utilizing: TREC 21-4, 10-3, 15-3	150	(13)
Seller Finance on Unimproved One-Family To Four-Family Lot
Utilizing: TREC 9-4, 26-2, 28-0	163	(10)
All Cash
Utilizing: TREC 25-3, 29-1, Lead-Based Paint Addendum	173	(11)
Assumption with Release of Liability
Utilizing: TREC 30-2, 11-3, 12-1, 33-0, 34-0	184	(14)
80% Conventional without PMI
Utilizing: TREC 24-4, 16-3	198	(13)
90% Conventional Fixed Rate Loan With PMI
Utilizing: TREC 20-4, 28-0, 33-0, 34-0, 35-1, 36-1	211	(16)
PART 6. Estimating Seller Net and Buyer Move-In	227	(8)
The Seller's Side	228	(1)
The Buyer's Side	229	(6)
Appendix A Additional Texas Real Estate Commission Promulgated Forms	235	(56)
Appendix B Answer Key	291