Time is of the Essence

Title Tip: TREC Changes The Rules Regarding Escrow Money

By CandysDirt.com Contributor / March 28, 2018 / 0 Comments

By Lydia Blair Special Contributor The Texas Real Estate Commission (TREC) recently updated the standard residential contracts to now address policies regarding deposits of earnest monies. These changes become mandatory May 15, 2018. On the first page of the newly updated Texas contracts, it states that “Within 3 days after the Effective Date, Buyer must deliver $___ […]

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