Tar 1601 Form 2024-2025

Tar 1601 Form: What You Should Know

Seller is Agent for Buyer who is the owner of the principal dwelling. Seller retains all title to and responsibility for the property and the Buyer maintains title and responsibility for the property, including the right to inspect the property when necessary, the right to renew the agreement of sale and to receive all monies due under the agreement of sale to the fullest extent permitted by law. Section 8. Purchase Money Agreement. The Buyer and Seller enter into this agreement to purchase, on behalf of the Buyer, the unit for Purchase Money on the Buyer's behalf, at the agreed upon Price (the “Agreement”). Section 9. Initialed for identification by Buyer and Seller. The Buyer and Seller acknowledge that the Agreement shall be between them and that they have each other's consent to execute and perform this agreement and all other documents as a married couple. Section 10. Initialed for identification by Buyer and Seller. The Buyer acknowledges that he/she has been induced by the fact that such real estate transaction is under the authority of TREE to enter into this agreement. The Buyer hereby acknowledges that the Buyer has a legitimate interest in the sale of the property to Buyer personally. The Seller acknowledges that the Seller, as agent for Buyer, has a legitimate interest in the sale of the property to the Buyer personally. The Purchase Money Agreement shall contain the following provisions, and shall be construed and construed in accordance with the laws or statutes in force in either the state or the country where the real estate transaction is transacted. (1) The Purchase Money Agreement includes a provision for each party to an agreement of sale involving a unit to be purchased, an agreement of purchase of sale, and a buyer's fee set forth in Chapter 12 and not to exceed ten percent or a fraction of the sales proceeds. (2) The Buyer shall pay the Seller, in cash or checks, on a specified date specified in the agreement of purchase of sale or on the contract date. The seller shall pay the Buyer cash or checks in the following amounts: (a) The maximum cash surrender fee set forth in Chapter 12 and Not to Exceed Ten Percent (10%) of Seller's sales proceeds for a purchase of 50,000 or more and the purchase price of no more than 50,000.

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