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Ernest Enriquez
Oct 7, 20211 min read
Where to Send the Fee to Extend the Termination Option
Although the initial option fee should be sent to the title company, the fee to extend the termination option should be delivered...
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Ernest Enriquez
Jul 8, 20191 min read
From the Legal Hotline: Does a Contract Terminate Automatically When a Party Dies?
I’ve been getting calls from members asking whether a residential sales contract automatically terminates when a party to that contract...
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Ernest Enriquez
Feb 19, 20191 min read
From the Legal Hotline: Can A Terminated Contract Be Revived?
REALTORS sometimes ask if they can “bring a terminated contract back to life.” For example, if a buyer paid her option fee and provided...
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Ernest Enriquez
Jan 8, 20181 min read
When can buyers exercise their termination option in a backup contract?
If your buyers have a backup contract with a termination option, Paragraph D of the Addendum for “Back-Up” Contract (TAR 1909, TREC 11-7)...
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