Guides for Texas transaction coordinators and brokers

Plain-language guides to the TREC 20-19 and the mistakes that hold up Texas closings.

All guides

• TREC 20-19 checklist: what to check before you send the file to title
  A field-by-field checklist for the TREC 20-19 One to Four Family Residential Contract: the blanks and mismatches to check before a Texas file goes to title.
• Effective Date left blank on a TREC 20-19: why it matters and how to catch it
  Where the Effective Date goes on the TREC 20-19, who fills it in, and why a blank Effective Date causes problems for every deadline that counts from it.
• How long do Texas brokers have to keep transaction records?
  Texas brokers must keep transaction records at least four years from closing or termination under TREC rule 22 TAC §535.2(h). What that means in practice and how to keep up with it.
• 40-11 loan amount doesn't match the contract: how to catch it before title does
  Why the loan amount on the TREC 40-11 Third Party Financing Addendum must match Section 3B of the TREC 20-19, and the checkbox mistakes that go with it.
• TREC 20-19 initials: which pages need them, and how to check fast
  The TREC 20-19 has an initials line on every page from 1 to 9 of 12, plus one on the 40-11 addendum. Here's where they are and how to check them fast.
• TREC 39-11 amendment: check the price and address against the contract
  Before a TREC 39-11 Amendment goes into the file, check that its sales price and property address match the contract it amends. Here's what to look for.
• TREC 20-19 deadline calculator
  Free calculator for Texas TREC 20-19 deadlines: option period end (5:00 p.m., no weekend extension) and earnest money and option fee due dates with the Saturday, Sunday and Legal Holiday rule.

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