Real Estate Contracts
PROFESSIONAL PRESENTATION OF
Commonly used agreements and contracts for transactions in real estate.
Table of Contents
Wholesaler Contracts
These contracts and agreements are used for wholesaling and real estate transactions.
Single Page Contract for Purchase of Real Estate
The Single Page Contract is convenient, easy to use, and assignable to an end buyer.
Contact information can also be provided by buyer and seller for the title company.
Assignment of Contract Agreement
The Assignment Agreement is used to convey your equitable rights and responsibilities from the contract to a cash buyer.
That investor steps into your shoes and fulfills the terms of the agreement.
Joint Venture (JV) Agreement
The JV Agreement is used when two wholesalers team up on a real estate transaction.
Typically one wholesaler will have the seller and the other wholesaler has the buyer. Typically the assignment fee is split 50/50 at closing.
Option to Purchase Agreement
The Option Agreement is a contract on a specific piece of real estate that allows the buyer the right to purchase the property for a pre-determined price within a specified period.
This agreement is typically used when you’re uncertain you’ll be able to find a buyer because of some deficiency of the property.
Standard Purchase and Sale Agreement
The Purchase Agreement is the written contract between you and the seller for the purchase of their property.
You can use this agreement to create more specific terms than the single page contract.
Promulgated Contracts
As public records, contract forms adopted by the Texas Real Estate Commission are available to any person.
***Real estate license holders are required to use these forms.***
However, TREC contract forms are intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use. Mistakes in the use of a form may result in financial loss or a contract which is unenforceable. Persons using these forms assume all risks associated with their proper use.
If you are obtaining the forms for possible use in a real estate transaction, you should contact a real estate license holder or an attorney for assistance. TREC cannot provide legal advice to the public on private contractual matters.
TREC does not promulgate listing or buyer representation agreements, property management contracts, forms for commercial property, or residential leases (other than temporary residential leases used in connection with a sale). Contact your attorney or a real estate trade association for such forms.
When you click the images below to download, you will be redirected directly to TREC.
TREC: One to Four Family Residential Contract (Resale)
(Form ID: 20-17)
This is the most frequently used contract form. It is used for the resale of residential properties that are either a single family home, a duplex, a tri-plex or a four-plex. It is not for use for condominium transactions, new homes being sold by a builder, or farm and ranch properties.
TREC: Amendment to Contract
(Form ID: 39-9)
This form is used to change or add terms to a contract that has already been executed.
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