[Taylor T]

Taylor T

In Texas, is there a TREC Option Contract, or is a regular TREC residential contract used, just with “x” number of days as the option period for the fee agreed upon?

[Ayesha B]

Ayesha B

What is your understanding of an “option” contract?

[Taylor T]

Taylor T

Sorry, I’m new… where can I get an option contract?

I understand there short option deals for 30 days… and there are option deals for time into the future. Are there different contracts for either? Can I use a Texas Real Estate Commission residential contract? The TREC contract has space to write in when you want to close, and how long you want the option to be.

Will that contract work? What are people in Texas using?
Thanks for your input

[Jackie Lange]

Jackie Lange

Hi Taylor

Yes, you can use that contract just be sure to READ every single word so you understand what you are signing. Some areas of the contract may need to be marked out because they are there to protect real estate agents, not consumers.

We do have some shorter and easier option contracts in the FILE VAULT