The termination option in Paragraph 23 of the One to Four Family Residential Contract (Resale) can be a useful safety net for you clients. It’s also a source of potential confusion and generates a number of calls to the TAR Legal Hotline.

For example, do you know if a buyer has to pay an additional fee to extend an option period? You can find the answer and explanation in the August Texas REALTOR® Magazine Minute.

[youtube https://www.youtube.com/watch?v=S5NpE9W3CME]

Read the August issue of Texas REALTOR® magazine for the answers to 10 more common questions related to the termination option.