Dallas-Fort Worth Real Estate Investor Club

ROOKIE QUESTIONS: how to fill out a TREC contract when you're working with a REALTOR, & transactional funding issues

  • 05 Mar 2013 11:04 AM
    Message # 1234271
    Deleted user
    We're putting some sweet properties in Bedford under contract. Trouble is: rookie issues. My partner is a REALTOR, this is virgin territory for her, she's setting up TREC paperwork contracts realtor-to-realtor since they're being listed on MLS and she's paranoid that (when have I heard this before?...) "THAT'S ILLEGAL". So two minutae questions and a request for contact:

    1a. Where do you add 'and/or assigns' to the TREC? Right there on the buyer line?  "Me and/or assigns, buyer?" 
    1b. Does TREC have an assignment of contract form they either created themselves or feel comfortable with? (I've been dealing with sellers, this is my first time with realtors; they're a whole different wall of misinformation to climb).

    RFC: Realtor to Realtor is demanding earnest and proof of funds. How do I get around the earnest money and  Does anyone recommend a transactional funder who can turn applications around fast so at least we can get things moving.
  • 05 Mar 2013 11:06 PM
    Reply # 1234863 on 1234271
    Robin Carriger (Administrator)
    Barry, Please feel free to give me a call any time at 817-300-1132.  I'll be happy to share my insights with you.
  • 06 Mar 2013 12:56 AM
    Reply # 1234926 on 1234271
    Deleted user
    Bless you, kid. I'll reach out to you tomorrow.
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