Case Contract
Case Contract The Case Contract information is below: You are an agent for Dino Realty, Inc. (license #4627191), 728 Woodmoor, Round Rock, Tx 78711, and you are working for the buyer, Fred Flintstone, a single man. You show Mr. Flintstone the property owned by Barney and Betty Rubble (husband and wife) located at 8181 Post Oak Lane, (lot 7, block 7, ncb 8402) in Round Rock, Tx 78711, Rock County. No Exclusions. The house is listed with Rock Bowling, an agent for Bam Bam Realty (license #3539142), 111 N. Prehistoric Drive, Round Rock, Tx 78711 and was constructed in 1993. Please list the address of the concerning property. The listing broker will pay the cooperating broker a 3% commission. The buyer has seen the Seller’s Disclosure Notice. Select your addendum used for the transaction. The buyer makes an offer of $40,000 on the property with 10% down and will finance the remainder with ABC Mortgage with a first mortgage loan at a fixed rate conventional note for 30 years at 9.25% interest. The buyer has 30 days in which to get financing approved. The financing loan fees will be 1% of the loan amount. The buyer proposes $100 as an option fee for the unrestricted right to terminate the contract within 10 days. The option fee is to be credited to the purchase price at closing. The buyer writes a $1,000 earnest money check payable to Bedrock Title Company at 400 Stone Quarry Road. No additional earnest money. The buyer has received the Notice. The buyer accept the property as is and the buyer will pay for any lender required repairs but not to exceed $500. If there are any additional lender required repairs, the buyer requests the seller pay the difference. The buyer also asks that the seller pay for the title policy and the survey issued by Bedrock Title Company. The buyer will pay for the appraisal. The property is located in a subdivision with no homeowner’s association, but the buyer is concerned that the subdivision’s restriction may prohibit a home based business on the premises. The buyer wants to close and take possession in 30 days, and wants the seller to provide a home warranty on the premises for 1 year at a cost not to exceed $355. No settlement and other seller expenses. Neither party is represented by an attorney. You need to include nothing in the box below. Associate’s name is for students. Read the Case first, and make sure you’ve printed it. Once you have determined the appropriate TREC form to use, go to the TREC website (www.trec.state.tx.us) and download and save the the appropriate Sales Contract form and any required addenda, related to the Case information. Click here and please save your downloaded real estate forms and addendum from TREC website first before you type on them and save your fill in the blank work often to complete your Case I have provided you with two PDF readers with the capability to allow you to type directly onto any PDF file: http://nitroreader.com/ http://www.foxitsoftware.com/pdf/reader/. After you download the the PDF reader “fill in” you should be able to type directly on the form. Be sure to appropriately reference the addenda in the contract and include the filled-in addenda with the contract, when submitting for your grade. Once you have downloaded the appropriate Sales Contract form and addenda, use the information from the Case Contract below to properly fill in the information onto the Sales Contract and addenda.** **To avoid losing 53 points from your case contract grade, please provide the required addendum that applies to the Case. After completing all the information on the Sales Contract and addenda, send your case final in a PDF file or scan and email your case final to [email protected]. make sure you include a copy of BOTH the Sales Contract with addenda.
