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harkovskaia [24]
3 years ago
13

The TREC One-to-Four Family Residential Contract (Resale) states that if the license holder is a party to the transaction and ow

ns more than _____ of the property, the other party must be notified in writing before entering into a contract.
Social Studies
1 answer:
IrinaVladis [17]3 years ago
8 0

<u>Answer: </u>

The TREC One-to-Four Family Residential Contract (Resale) states that if the license holder is a party to the transaction and owns more than 10 percent of the property, the other party must be notified in writing before entering into a contract.

<u>Explanation: </u>

  • Any contract that is about to be signed and entered into is subject to the knowledge of all the parties that are involved in the contract.
  • Moreover, if the object of the contract has more than one owner, it is mandatory that all the co-owners of the object are individually a party to the contract with full and unequivocal consent to the deal.
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