TREC Form 23-15 New Home Contract (Incomplete Construction) - Texas

What Is TREC Form 23-15?

This is a legal form that was released by the Texas Real Estate Commission - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is TREC Form 23-15?
A: TREC Form 23-15 is a contract used for the sale of a new home that is incomplete or under construction in Texas.

Q: Who uses TREC Form 23-15?
A: TREC Form 23-15 is used by buyers and sellers of new homes in Texas.

Q: What does TREC stand for?
A: TREC stands for Texas Real Estate Commission.

Q: What is the purpose of TREC Form 23-15?
A: The purpose of TREC Form 23-15 is to provide a standard contract that protects the interests of both buyers and sellers in the sale of an incomplete construction home.

Q: What information is included in TREC Form 23-15?
A: TREC Form 23-15 includes information about the property, purchase price, financing, closing date, and contingencies.

Q: Is TREC Form 23-15 mandatory in Texas?
A: While TREC Form 23-15 is commonly used in Texas, its use is not mandatory. Buyers and sellers can use other contracts if they prefer, but TREC Form 23-15 is designed to provide protection for both parties.