Contracts
Under the Texas One to Four Family contract, the default for who pays the escrow fee is:
AThe buyer pays 100%
BThe seller pays 100%
CThe fee is split equally between buyer and seller✓ Correct
DThe listing broker pays from their commission
Explanation
Under the standard TREC contract, closing and escrow fees are split equally between buyer and seller unless the parties negotiate a different arrangement.
Related Texas Contracts Questions
- The Texas One to Four Family Residential Contract (Resale) is a TREC-promulgated form. 'Promulgated' means:
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