Good morning this is Anna Lucas, and I'm going to be talking you through the 1 to 4 family residential contract. This is a great resource for you on your very first contract or should you find yourself in a contract situation. This recording will actually help you understand how the contract is to be used. So here we go. The first place the parties to this contract are blank seller and blank buyer. So let me assure you that the seller listed on the tax record is almost always correct but not always the other danger zone is divorcing couples very frequently. One party believes they have title to the home, but they did not actually go and record it at the county and separate owners or one owner, so you actually do have to be very careful about whom the sellers actually are and your buyer you need to write your buyers legal name so that this is a legal binding enforceable contract. Then in Section 2 lot block the name of the subdivision the city of the cow an off and known as that will be most of what you do this last blank is fit in zip code this will be most of what you do is suburban it will have it will be in a subdivision this will be a lot of what you do you will occasionally do something that has only a plat only a lot plat. Crazy kind of country definition of properties whatever you know whatever you find on the tax records whatever you know is a description. If you do not have lot blocks that's okay but the best legal description property of possible in the known as blank ride here you want to put the best legal descriptions possible....
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How to prepare TREC 20-10
About TREC 20-10
TREC 20-10 refers to the Texas Real Estate Commission Rule 20-10. It is a set of regulations established by the Texas Real Estate Commission (TREC) that outlines the requirements for real estate advertising in the state of Texas. This rule is applicable to various individuals and entities involved in real estate-related activities. It primarily targets licensed real estate agents, brokers, and salespersons who are actively engaged in advertising their services in Texas. These professionals are obligated to comply with TREC 20-10 to ensure their advertisements meet the necessary legal and ethical standards. Additionally, TREC 20-10 is also relevant to real estate companies or firms that engage in advertising properties or promoting their services. They must adhere to the guidelines laid out in this rule to ensure accuracy, transparency, and fairness in their advertising practices. Overall, TREC 20-10 aims to protect consumers and maintain integrity within the real estate industry by providing clear guidelines for advertising in Texas. It ensures that advertising messages are truthful, non-misleading, and do not violate any legal or ethical standards.
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