The Addendum for Property Subject to Mandatory Membership in a Property Owners Association has been modified in Paragraph A(2) so that the buyer is not obligated to provide subdivision information to a seller under that provision. Clarifying language is also added to Paragraph C to address any conflicts that may arise. The term “Effective Date” is also capitalized in the form.

See description of changes under 22 TAC §537.28, Standard Contract Form TREC No. 20-18, One to Four Family Residential Contract (Resale).

Also, see desciption of changes under 22 TAC §537.28, Standard Contract Form TREC No. 20-18, One to Four Family Residential Contract (Resale).

The terms “Listing Broker” and “Other Broker” have been replaced with the terms “Seller’s Broker” and “Buyer’s Broker” in the Farm and Ranch Contract

Los términos «corredor de listado» y «otro corredor» han sido sustituidos por los términos «corredor del vendedor» y «corredor del comprador» en el Contrato de granjas y ranchos.
 

See desciption of changes under 22 TAC §537.28, Standard Contract Form TREC No. 20-18, One to Four Family Residential Contract (Resale).

See description of changes under 22 TAC §537.28, Standard Contract Form TREC No. 20-18, One to Four Family Residential Contract (Resale).

The changes listed below apply to all contract forms unless specified otherwise. Paragraph numbers referenced are from the One to Four Family Residential Contract (Resale).

The term “generators” has been added to Paragraph 2B, Improvements, to reflect the increased prevalence of generators on properties.

In Paragraph 5A(2), a definition of “Legal Holiday” has been added to provide better clarity.

In Paragraph 5 and the receipt page, the terms “option fee,” “earnest money,” and “contract” are now in lower case because they are not considered defined terms. 

See description of changes under §537.28, Standard Contract Form TREC No. 20-18, One to Four Family Residential Contract (Resale).