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In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain. It also does not serve as a warranty of any kind. [1]
The Texas Real Estate Commission (TREC) is the state agency that governs real estate practices in the state of Texas. The agency is headquartered at 1700 North Congress in Austin. [1] TREC is composed of nine members appointed by the Governor with the concurrence of the Texas Senate. The members are appointed for six-year terms, with the terms ...
The HUD-1 Settlement Statement is a standardized mortgage lending form in use in the United States of America on which creditors or their closing agents itemize all charges imposed on buyers and sellers in consumer credit mortgage transactions. The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and ...
TREC may refer to: Techniques de Randonnée Équestre de Compétition or Trec, an equestrian discipline; Text Retrieval Conference, workshops co-sponsored by the National Institute of Standards and Technology (NIST) and the U.S. Department of Defense; Texas Real Estate Commission, the state agency that governs real estate practices in Texas
If there are any real estate brokers/agents brokering the sale, the buyer's agent will often fill in the blanks on a standard contract form for the buyer(s) and seller(s) to sign. The broker commonly gets such contract forms from a real estate association he/she belongs to.
OMG—what a sweet story! For a moment there, I was worried that this story wouldn't turn out so happily, but the first neighbor made sure that his brother understood the assignment and gave Emma ...
(Apparently, sellers could also be victimized by a buyer who took the tickets and then canceled/clawed back their payment.) We set up a live video call and began the sale process. I sent the first ...
The Natural Hazards Disclosure Act, under Sec. 1103 of the California Civil Code, [1] states that real estate seller and brokers are legally required to disclose if the property being sold lies within one or more state or locally mapped hazard areas. The law specifies that the six (6) required hazards be disclosed on a statutory form called the ...
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