Madison is writing up a contract on a townhouse unit for which the buyer will have fee simple ownership and pay a monthly hoa for the upkeep of common areas. The promulgated contract that she would use is option C. One to Four Family Residential Contract. Hence, the correct answer is option C. Read below about promulgated contract.
<h3>What is promulgated contract?</h3>
Promulgated contract forms are forms that are both approved and required by the Texas Real Estate Commission. Promulgated contract forms will be used by agents and brokers alike during transactions to make the agreement's official.
Therefore, the correct answer is as given above
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The complete question goes thus:
Madison is writing up a contract on a townhouse unit for which the buyer will have fee simple ownership and pay a monthly HOA for the upkeep of common areas. Which should she use?
(a) Residential Condominium Contract
(b) Unimproved Property Contract
(c) One to Four Family Residential Contract
(d) Residential Townhome Contract
