Click HERE to view/download the three page .PDF report.
Third Party Financing Addendum (TREC 40-7) NEW in Many Ways Incorporated into the new form are references to financing formerly in Section 4 of the purchase agreement as well as portions of the former Third Party Financing Addendum for Credit Approval (Click HERE to view and download TREC 40-7). (Note: Click HERE to view or […]
Three frequently used TREC forms become mandatory on January 1st, 2016. TREC 39-8 Amendment Sec. 6 – notes the addition of a 5:00 p.m. deadline if the buyer requests an extension of the Option Period included in Section 23 of the purchase agreement. Added to be consistent regarding the time for the end of the […]
REC Rules Change the Way the IABS is Completed and Presented The new Information About Brokerage Services (IABS) became effective February 1, 2016. The following will consider each new TREC requirement: (1) IABS Completion and (2) Required Links: Referring to the four blank contact information sections at the bottom of the IABS: “This contact information […]
TAR 2516 – Authorization to Furnish TILA-RESPA Integrated Disclosures. Simply said, without this form the real estate agent cannot receive a copy of the closing statement (CD – Closing Disclosure). Without the TAR 2516 signed we will unable to review the Closing Disclosure prior to closing, discuss the Closing Disclosure with the title or confirm […]