What promulgated form would you use for a home under construction that a client wants to make an offer on?

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!

When making an offer on a home that is currently under construction, the appropriate promulgated form to utilize is the "New Home Under Construction" contract. This form is specifically designed to address the unique circumstances and contingencies associated with purchasing a property that has not yet been completed.

This contract addresses issues such as construction timelines, specifications, and warranties that would not be relevant in contracts for existing homes or vacant land. It gives both the buyer and the builder clear guidelines on expectations throughout the construction process, including the responsibilities of each party regarding changes and inspections.

The other options might not suit this scenario effectively. The Family Residential Contract is meant for completed homes, the Vacant Land Contract is applicable when purchasing land without structures, and the Listing Agreement is used to establish terms between a seller and a broker, not for making offers on properties. Therefore, using the "New Home Under Construction" form ensures that all necessary details regarding the construction project are properly handled in the contract.

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