Which TREC form is used for the resale of a residential condominium?

Which TREC form is used for the resale of a residential condominium?

• A. One to Four Family Residential Contract (Resale)
• B. Residential Condominium Contract (Resale)
• C. Farm and Ranch Contract
• D. Unimproved Property Contract

Answer: (B)

When buying or selling a condo, the contract chosen must match the property type, not just the general residential sale. For a resale of a residential condominium, the form specifically designed for that scenario is the Residential Condominium Contract (Resale). This form is built to address condo-specific factors like the association, monthly dues, rules, and governing documents (the Declaration, Bylaws, and CCRs), as well as the implications of owning a unit with a share of common areas. The other forms are meant for different property types: a contract for single-family homes and multi-unit dwellings that aren’t condo-specific, a Farm and Ranch contract for agricultural properties, and an Unimproved Property contract for land without improvements. Those do not include the condo-specific disclosures and terms that the condo resale form covers, which is why the condo resale form is the appropriate choice.

When buying or selling a condo, the contract chosen must match the property type, not just the general residential sale. For a resale of a residential condominium, the form specifically designed for that scenario is the Residential Condominium Contract (Resale). This form is built to address condo-specific factors like the association, monthly dues, rules, and governing documents (the Declaration, Bylaws, and CCRs), as well as the implications of owning a unit with a share of common areas.

The other forms are meant for different property types: a contract for single-family homes and multi-unit dwellings that aren’t condo-specific, a Farm and Ranch contract for agricultural properties, and an Unimproved Property contract for land without improvements. Those do not include the condo-specific disclosures and terms that the condo resale form covers, which is why the condo resale form is the appropriate choice.