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How Well Do You Know the One to Four Contract?
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One of the most commonly used forms among Texas REALTORS® is the One to Four Family Residential Contract (Resale) (TAR 1601, TREC 20-14). Texas REALTOR® magazine’s cover story gives you a quick guide to 12 commonly confusing aspects of the contract:
What is the effective date
When is the effective date
How to calculate time periods and deadlines
What the property is
Paragraph 2B, Improvements
What is considered permanently installed and built-in
What is considered a fixture
Paragraph 2C, Accessories
Paragraph 2D, Exclusions
Repair Amendments
How the Termination Option and Repair Amendments work together
What REALTORS® can (or can’t) write in Special Provisions
Download a printable version of the guide, which includes space for your own notes.
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