West DFW REI Group

 In's and Out's of Using The Texas TREC One-to-Four Family Residential Contract in Your REI Business

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This month we will cover the In's And Outs of Using The Texas TREC One-to-Four Family Residential Contract in Your REI Business. Covering how to avoid common errors and the differences in filling out the contract. It depends on whether you are the buyer or seller. There are possible issues and “out's” associated with each side that you need to be aware of when using this contract.

We will cover this commonly used contract (NEW VERSION RELEASED Feb 2021) for residential real estate and frequently used addendums and more:

• How can the Buyer get out of the contract and get back their Ernest Money? (There are many!)
• How can the Seller get out of the contract?
• What recourse does each party have when the other is in default?
• Who needs to fill out a Sellers Disclosure?
• What items are included and excluded in the contract?
• Who gets minerals and other interests?
• Do utilities need to stay on till closing?
• Can the seller refuse my access to the property?
• Can the seller do the repairs requested themself?
• What if the house catches on fire while under contract?
• Can you get rid of the current tenant or raise their rent after you close?
• Why do an Option Period?
• What can the buyer object to?
• Can you use an old survey?
• What are “shortages in the area”?
• How are property taxes handled?
• When does Earnest Money & Option Period fee need to be delivered?
• What type of deed does the seller need to provide?
• When do you need other addendums?
• What options do I have with Seller Financing?
• When does the Lead Addendum need to be used?
• What can a non-reality addendum affect and when should you use it?
• How can the Homeowner’s Association affect the contract?
• What issues can there be with the Third-Party addendum?
• Should we do a temporary lease for the buyer or seller?

Online Meeting Schedule-

8:30 am – 9:00 am – MEMBER & GUEST ORIENTATION – The session will start promptly at 8:30 am and is designed to be an overview for Members and first-time Guests as to who we are and the benefits you receive as a Member of the group.  We will also talk about the REI tools provided to you as part of your membership, your free professional investor website, and other member benefits and walk you through the website and answer your questions.

9:00 am – 11:30 am – MAIN MONTHLY MEETING TOPIC – “In's And Outs of Using The Texas TREC One-to-Four Family Residential Contract in Your REI Business”

What To Do Next To Get Pre-Registered For This Event-

STEP #1 - Scroll to the bottom of this page and click the "PRE-REGISTER" button and follow the prompts. 

STEP #2 – Check your email NOW for your REGISTRATION CONFIRMATION email with instructions for completing the registration with Zoom.

STEP #3 – Once registered with Zoom, click the "Add to Calendar" link in the Zoom email which has the link to attend the Event.

Please share this event link invitation https://bit.ly/3pdlKcx  with your friends, partners, and social media connections and invite them to attend this event with them as your guest.

"New TREC One to Four Family Contract and Addendums"

Document of the Day - The “Document of the Day” is for those who TAKE ACTION to register AND attend our training events. Each event you attend, you will receive a "Document of the Day" as a bonus, and thank you for TAKING ACTION.  The document will be appropriate for the topic of the month.  It could be a Disclosure, Power of Attorney, Bird Dog tracking form, Promissory Note, or one of the many Land Trust forms, etc. for TAKING ACTION and attending the training.  Your "Document of the Day" will be made available after the event is over and will be posted at the bottom of the Calendar Event that you attended where the video and audio files are posted.  This month's document is a "New TREC One to Four Family Contract and Addendums" and is used for making offers to sellers along with a few other supporting documents.

LOCATION OF THE EVENT – Online Only – The Zoom link needed to register and attend this event will be sent in your Registration Confirmation email immediately after you Pre-Register BELOW. Be sure to check your email, spam, and junk folders if you don’t see it in your inbox.