What You'll Learn
Three hours on the contract that runs almost every residential transaction in Texas. We go paragraph by paragraph through the 1-4 Family Resale contract, cover the most-used addendums, and work through the recent updates agents need to know. This is not a survey course — it's a working document review.
Inside Contracts & Contractual Competence 3 Hrs • #39207-RECE
- The 1-4 Family Resale Contract — Line by Line — Sales price, earnest money, financing contingencies, option period mechanics, closing date, possession, and the paragraphs agents most often leave ambiguous when they shouldn't.
- Recent Updates and What Changed — What the Broker-Lawyer Committee revised in the latest version, why those changes were made, and what the practical effect is on how you fill out the contract going forward.
- Addendums That Matter — Third Party Financing, Seller Financing, Addendum for Property Subject to Mandatory HOA, Sale of Other Property, Backup Contract — when to attach each one and what they actually say.
- Seller's Disclosure and the Mistakes That Follow — How agents create liability by answering questions for their sellers, what "known" means under Texas law, and the disclosure issues that show up most often in TREC complaints.
- Filling in Blanks vs. Unauthorized Practice of Law — Where the line is, what you're allowed to do, and the specific situations where agents cross it without realizing — along with what to say to clients when they ask you to do more than you legally can.