Contracts
In Texas, the TREC commercial contract (Unimproved Property) is used for:
AResidential lots in existing subdivisions only
BCommercial land transactions involving undeveloped land✓ Correct
CCommercial buildings with existing improvements
DAll Texas land transactions regardless of use
Explanation
TREC's Commercial Contract — Unimproved Property is used for commercial land sales (land without significant improvements). A separate TREC form — Commercial Contract — Improved Property — is used for commercial transactions involving existing buildings.
Related Texas Contracts Questions
- The Texas TREC 'Information About Brokerage Services' (IABS) notice is required to be given by:
- In Texas, a 'backup contract' on a property already under contract means:
- The 'merger doctrine' in Texas real estate law means that once a deed is delivered and accepted at closing:
- A Texas buyer who has signed a contract and paid an option fee decides to exercise their right to terminate on the last day of the option period. To validly exercise the right, the buyer must:
- Under the TREC contract, who is responsible for maintaining the property between the effective date and closing?
- In a TREC contract, earnest money is typically held by:
- Under a TREC contract, 'time is of the essence' means:
- A Texas contract states 'time is of the essence' for all deadlines. The buyer misses the financing deadline by one day. The seller:
Practice More Texas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Texas Quiz →