TREC 30-10 2011-2025 free printable template

Contract Concerning Page PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION TREC of 8 12-05-2011 Address of Property NOTICE Not For Use Where Seller Owns Fee Simple Title To Land Beneath Unit EQUAL HOUSING OPPORTUNITY RESIDENTIAL CONDOMINIUM CONTRACT RESALE 1. B. If any expense exceeds an amount expressly stated in this contract for such expense to be paid by a party that party may terminate this contract unless the other party agrees to pay such excess. Buyer may not pay charges and fees...

How to fill out texas condo contract form

How to fill out TREC 30-10

1. Obtain a copy of TREC 30-10 form from the Texas Real Estate Commission or their website.
2. Fill out the appropriate sections with the seller's information, including name, address, and contact details.
3. Provide the property details, including address and legal description, ensuring accuracy.
4. Complete the section regarding the listing agreement, including start and end dates.
5. Indicate any required disclosures as per Texas real estate laws.
6. Review the form for any missing information or errors.
7. Sign and date the form at the designated areas.

Who needs TREC 30-10?

1. Real estate agents representing sellers in Texas.
2. Property owners who are listing their property for sale.
3. Anyone involved in real estate transactions in Texas who is required to use TREC forms.

• Who needs a residential condominium contract?
• What is this contract for?
• Is it accompanied by other forms?
• • When is this contract due?
  • How do I fill out a residential condominium contract?
  • Where do I send this contract?

Who needs a residential condominium contract?

Buyers and sellers of real property interested in its resale may use this contract for closing a deal. It’s been written for residents of Texas.

What is this contract for?

This contract establishes the terms of resale between the parties. It specifies the deadlines, prices, earnest money deposits, and attorney and broker’s fees. It contains a list of rights and obligations for a buyer and a seller as well as a list of required repairs and covers the issues of title insurance.

Is it accompanied by other forms?

Depending on the terms of agreement parties may include addenda for various purposes from credit approval to temporary residential lease.

When is this contract due?

This contract indicates conveyance of the real property, so the parties decide on the due date themselves.

How do I fill out a residential condominium contract?

There are 9 pages in this contract. All parties should read it carefully, because it is a legally binding document in the State of Texas. It starts with a description of property and condominium units, including the tangible property and parking area. The next part is dedicated to the bylaws and resale certificate form condominium owners association. After that, the parties should agree upon sales price, financing, earnest money and title policy. Then they can proceed to specifying the property condition. The following pages contain the terms of closing, settlement and other expenses. After determining the broker’s and attorney’s fees, prorations, casualty loss and mediation, all parties agree upon a termination option and sign the document.

Where do I send this contract?

Both the seller and the buyer must keep one copy of the document. The broker and the attorneys of the parties should also keep at least one copy of the contract. The Internal Revenue Service office may request a copy for taxation purposes.

 

Video instructions and help with filling out and completing trec 30 10

Instructions and Help about trec condo resale contract

Hi this is Jim Jackson with Jim JacksonRealty in today×39’s training is gonna been the residential condominium contractor resale now we've done trainings before on onto four family contracts and there's not too many differences between these two contracts, but there are a few differences that I do want to point outs I'm going to go through this a little quickly, but the information is gonna every similar to the one to four family contract now as you can see at the very top for the parties you have the seller sand you have the buyers that's going to be standard you know whoever your seller is whoever your buyer is you×39’re going to put them there the condominium itselfthere'’going Tony be a unit and a building number and the name of the building here okay so if they're in a unit one building two in village oaks condos okay condominium project located at thisaddressokay and this county with this zip code all right that's one thing that you'regonna notice that×39’s different okay now here is something else that you×39;regonna also notice that's different okay this portion here is some that you'rent going to see, so we're going to say as described from the condominium declaration and play and then amendments thereto elements designated by the declaration including those areas reserved has limited common elements our opportunity to the unit and such otherwise to use the common elements which have been specifically assigned tithe union other manners parking areas assigned to the unit are it's just going to be your partner, so most condos have parking area, so you would say you knowb1 and b2 if that×39’s the parking area this is so much you×39’going Tony find from the person that's listen to property they should know this, but you can always confirm with the homeowners' association exclusions if there are any exclusions then you would put that there of course if there's not you would put notapplicablenow the declaration of bylaws is something that you're gonna also see on this particular contract that's a little different the buyer has received copy of the documents the bars at byte read the documents before signing or the buyer has not received whichever one applies if we have not received the bylaws you're going to check number two you need to put within if your option periods going to be seven days you to put within five days just allow two to three days prior to the expiration of your option period to get these bylaws' totem okay also resale certificate from the condominium owners association miscalled the certificate must be in the form of promulgated by trek or required by the parties the certificate must have been prepared no more than three months before the data was delivered to the buyer and must contain a minimum and minimum the information required by section 82 point157 of the Texas property code now pecan go over that amendment as well I'sorry that resale certificate as well but that×39’s also so much you're going to see here so if...

People Also Ask about trec townhome contract

What is an HOA resale certificate Texas?

The resale certificate gives specific information about the property that is being sold and where it stands with the HOA; this incudes disclosing any past-due payments or unpaid violations, any pending violations, and all fees that are due upon closing.

What are TREC promulgated forms?

As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms. However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

What is a resale certificate Texas for a condominium?

The resale certificate gives specific information about the property that is being sold and where it stands with the HOA; this incudes disclosing any past-due payments or unpaid violations, any pending violations, and all fees that are due upon closing.

Who pays the HOA resale certificate in Texas?

The cost for obtaining a resale certificate in Texas is capped at $375. Since it is the seller's responsibility to provide it, the seller typically pays this expense at the time it is ordered. HOA management companies usually expect payment upfront before they will process an order.

How is paragraph 13 of the residential condominium contract different from the one to four family residential contract?

The answer is the seller will be obligated to pay the rollback taxes. How is paragraph 13 of the Residential Condominium Contract different from the One to Four Family Residential Contract? The answer is it addresses cash reserves from regular condominium assessments.

How many days after delivery of condominium documents in the TREC residential condominium contract the buyer may terminate the contract within?

If Seller delivers the Notice, Buyer may terminate this contract for any reason within 7 days after Buyer receives the Notice or prior to the closing, whichever first occurs, and the earnest money will be refunded to Buyer.

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What is TREC 30-10?

TREC 30-10 is a form used by real estate professionals in Texas to report certain activity and compliance related to transactions and listings.

Who is required to file TREC 30-10?

Real estate brokers and agents in Texas who meet specific criteria set by the Texas Real Estate Commission (TREC) are required to file TREC 30-10.

How to fill out TREC 30-10?

To fill out TREC 30-10, you must provide accurate information regarding the transaction details, including property address, dates, and your role in the transaction, following the instructions provided by TREC.

What is the purpose of TREC 30-10?

The purpose of TREC 30-10 is to ensure transparency and compliance in real estate transactions by collecting data for regulatory and statistical purposes.

What information must be reported on TREC 30-10?

The information that must be reported on TREC 30-10 includes details about the transaction, parties involved, dates, and commission agreements, among other relevant data.