What is one of the required pieces of information on TREC Form 20-14 when selling residential structures?

Master the TREC Promulgated Contract Test with our interactive quiz. Utilize flashcards and multiple choice questions, complete with hints and explanations, to prepare effectively. Ace your exam!

In residential real estate transactions, TREC Form 20-14 specifically requires the street address of the property being sold as one of the essential pieces of information. This requirement plays a crucial role in identifying the exact location of the property, which is important for legal and logistical reasons. A clear and precise street address helps ensure that all parties involved can accurately reference the property throughout the selling process, including in disclosures, marketing materials, and eventual closing documents.

While details such as the bedrooms and bathrooms count, appraised value, and last renovation date are indeed important considerations in real estate transactions, they are not mandated to be included as required information in TREC Form 20-14. The street address stands out as a fundamental piece of information that effectively ensures proper identification and facilitation of the transaction.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy