TREC Form 23-17 New Home Contract (Incomplete Construction) - Texas

What Is TREC Form 23-17?

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 the TREC Form 23-17?A: TREC Form 23-17 is a contract used for a new home that is still under construction in the state of Texas.

Q: What does the TREC Form 23-17 cover?A: The TREC Form 23-17 covers the sale and purchase of a new home that has not been fully completed at the time of the contract.

Q: Who uses the TREC Form 23-17?A: Builders and home buyers in Texas use the TREC Form 23-17 for the purchase of new homes that are not yet finished.

Q: What information is included in the TREC Form 23-17?A: The TREC Form 23-17 includes details on the property, purchase price, financing, closing and possession dates, warranties, and other terms and conditions.

Q: Is the TREC Form 23-17 a legally binding contract?A: Yes, the TREC Form 23-17 is a legally binding contract once it is signed by both the builder and the buyer.

Q: Can the TREC Form 23-17 be modified?A: Yes, the TREC Form 23-17 can be modified, but any modifications must be agreed upon by both parties and included as addenda to the contract.

Q: What happens if there are disputes related to the TREC Form 23-17?A: If there are disputes related to the TREC Form 23-17, the parties may need to seek legal assistance or pursue mediation or arbitration as outlined in the contract.