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.