Licensed Texas Real Estate Agents--Some "Donts" on a Contract

Agents, the following clauses have been inserted into “Special Provisions” and should not have originated with licensees. These clauses are vague, incomplete, border on the unauthorized practice of law, or are addressed by other promulgated addenda.

• “This contract is subject to a satisfactory appraisal report.” (or inspection report)
• “This contract is subject to the buyer selling buyer’s existing home.”
• “Buyer agrees not to require seller to complete any repairs.”
• “Buyer may begin to move-in 3 days before closing.” (or seller to stay after closing)
• “If for some reason buyer cannot obtain financing, the parties will renegotiate owner financing at that time.”

 

 

	Jim Young KW Commercial 512-565-7509 jimyoung@kwcommercial.com My Experience-Team Profile
1801 Mopac, Suite 100, Austin, TX 78746

 

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