Knowledebase Tag: Farm and Ranch Contract
- I’m helping my client prepare an offer for a vacant residential lot using TREC’s Unimproved Property Contract. A checkbox in the form asks whether the property is located in a Texas agricultural development district. What does this mean?
- When a broker completes the TREC Farm and Ranch Contract form, what is the best way to draft a reservation clause in Paragraph 2F?
- My client’s listing is a home on a 15-acre tract. A buyer’s agent submitted an offer for his client on the One to Four Family Residential Contract (Resale). My client is concerned that the residential form won’t address the outstanding mineral interests, but the buyer’s agent says he often uses this form for situations such as this and his client is OK with using that contract. Does the use of that form instead of the Farm and Ranch Contract make any difference?
