Finance
In Texas, a 'survey fee' at closing is paid for by the:
AAlways the seller
BAs negotiated in the contract—typically the buyer in Texas, but it is negotiable✓ Correct
CAlways the lender
DThe title company out of the title insurance premium
Explanation
The survey fee in Texas is negotiable between parties. Custom varies by market, but buyers often pay for the survey since they are the ones who will benefit from the survey information and clear title. The TREC contract addresses who is responsible for survey costs in specific paragraphs.
Related Texas Finance Questions
- A Texas lender requires the buyer to purchase 'lender's title insurance' but not the owner's policy. This protects:
- A Texas borrower has a gross monthly income of $7,500. Their proposed PITI (principal, interest, taxes, insurance) payment is $2,100 and other monthly debts total $750. What is their back-end (total) DTI ratio?
- An FHA loan differs from a conventional loan primarily because FHA loans are:
- A Texas property has an existing assumable VA loan at 3.5% interest. A new buyer who is not a veteran:
- Texas non-judicial foreclosure sales take place on:
- A 'balloon mortgage' in Texas requires the borrower to:
- A Texas lender 'charges off' a non-performing loan. This means the lender has:
- Texas home equity loans are governed by strict constitutional limits. The total debt secured against a Texas homestead cannot exceed:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →