Contracts
In a TREC contract, the 'survey period' gives the buyer time to review the survey and object to survey exceptions. If the buyer timely objects to a survey matter the seller cannot or will not cure, the buyer may:
AOnly close and accept the survey exception
BTerminate and receive the earnest money back✓ Correct
CSue the seller for specific performance
DDemand TREC arbitrate the matter
Explanation
TREC contracts allow buyers to object to survey matters. If the seller cannot or will not cure a timely objection, the buyer may terminate the contract and receive the earnest money back. This protects buyers from having to accept properties with unexpected encroachments, easements, or boundary issues.
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