which of the following sellers would most likely use a contract prepared by an attorney?

Which section of the code exempts a co-owner from selling to co-owners?

The seller could use any form as long as it is in writing. Sellers of residential property comprising not more than one dwelling unit located in Texas are to give to the purchaser of the property a written notice of the property's condition as prescribed by the Property Code. The TREC seller's disclosure is an optional form, not a promulgated form.

Can a buyer terminate a contract with a seller?

Transactions for which most standard contract form has been promulgated by the Texas real estate commission, and the licensee uses a form prepared by the attorney at law licensed by this state and approved by the attorney for a particular kind of transaction involved or prepared by the Texas real estate Broker - lawyer committee and made ...

When can an agent use a contract form?

2. to contact his attorney, but to be prepared to accept return of the earnest money as the most likely remedy. 3. to contact his attorney, and encourage the attorney to accept the case on a contingent fee basis. 4. to contact his attorney, but to also attempt to negotiate a …

What are the requirements for completing a seller's notice?

seller enters into a contract with purchaser to sell real property for $100,000.00. purchaser defaults on the contract, and at the time of default the fair market value of the property is $90,000.00. seller shall be entitled to recover from purchaser the following money damagers a. 0 b. $100,000.00 c. $10,000.00 d. $90,000.00

What happens when you make an offer to a seller?

Once you make an offer, the seller has the option to accept it as-is, reject it or make a counteroffer proposal. If the sellers want to change some of the terms of the offer, they’ll make a counteroffer.

What are counteroffers?

A counteroffer might include: 1 A higher sale price 2 Change or removal of some of your contingencies 3 The exclusion of a piece of personal property that you wanted included in the sale, such as appliances

What to do when you find a home you like?

Anything else that will affect your life once you own the home. When you find a home you really like, take some time to think about it before making an offer. In some markets, you may have to act quickly if there aren't many homes for sale in the area but there are a lot of buyers (known as a seller’s market).