Contracts
Under the Texas TREC residential contract, the closing date can be extended by mutual agreement. If only the buyer requests an extension:
AThe extension is automatic under TREC rules
BThe seller can agree or decline; the seller has no obligation to extend✓ Correct
CThe title company grants extensions automatically
DTREC approves all extension requests
Explanation
Extensions require both parties' written agreement. If the buyer requests more time to close, the seller has no obligation to agree. If the seller declines and the buyer cannot close by the contract date, the buyer may be in default.
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