Common use of LICENSE HOLDER DISCLOSURE Clause in Contracts

LICENSE HOLDER DISCLOSURE. Texas Law requires a real estate license holder w ho is a party to a transaction or acting on behalf of a spouse, parent, child, business entity in which the license holder owns more than 10%, or a trust for which the license holder acts as trustee or of which the license holder or the license holder’s spouse, parent or child is a beneficiary, to notify the other party in writing before entering into a contract of sale. Disclose if applicable: . 5. XXXXXXX MONEY: W ithin 3 days after the Effective Date, B u ye r must deliver $ as xxxxxxx money to, , as escrow agent, at (address). Buyer shall deliver additional xxxxxxx money of $ to escrow agent within days after the Effective Date of this contract. If Xxxxx fails to deliver the xxxxxxx money within the time required, Seller may terminate this contract or exercise Seller’s remedies under Paragraph 15, or both, by providing notice to Buyer before Xxxxx delivers the xxxxxxx money. If the last day to deliver the xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. Time is of the essence for this paragraph. (Address of Property)

LICENSE HOLDER DISCLOSURE. Texas Law requires a real estate license holder w ho is a party to a transaction or acting on behalf of a spouse, parent, child, business entity in which the license holder owns more than 10%, or a trust for which the license holder acts as trustee or of which the license holder or the license holder’s spouse, parent or child is a beneficiary, to notify the other party in writing before entering into a contract of sale. Disclose if applicable: . 5. XXXXXXX MONEY: W ithin Within 3 days after the Effective Date, B u ye r must deliver $ as xxxxxxx money to, , as escrow agent, at (address). Buyer shall deliver additional xxxxxxx money of $ to escrow agent within days after the Effective Date of this contract. If Xxxxx fails to deliver the xxxxxxx money within the time required, Seller may terminate this contract or exercise Seller’s remedies under Paragraph 15, or both, by providing notice to Buyer before Xxxxx delivers the xxxxxxx money. If the last day to deliver the xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. Time is of the essence for this paragraph. (Address of Property)

LICENSE HOLDER DISCLOSURE. Texas Law requires a real estate license holder w ho is a party to a transaction or acting on behalf of a spouse, parent, child, business entity in which the license holder owns more than 10%, or a trust for which the license holder acts as trustee or of which the license holder or the license holder’s spouse, parent or child is a beneficiary, to notify the other party in writing before entering into a contract of sale. Disclose if applicable: . 5. XXXXXXX MONEY: W ithin 3 days after the Effective Date, B u ye r must deliver $ as xxxxxxx money to, Xxxxxx Abstract & Land Co. , as escrow agent, at 000 Xxxx Xxxxx Xxxxxx; Xxxxxx, Xxxxx 00000 (address). Buyer shall deliver additional xxxxxxx money of $ to escrow agent within days after the Effective Date of this contract. If Xxxxx fails to deliver the xxxxxxx money within the time required, Seller may terminate this contract or exercise Seller’s remedies under Paragraph 15, or both, by providing notice to Buyer before Xxxxx delivers the xxxxxxx money. If the last day to deliver the xxxxxxx money falls on a Saturday, Sunday, or legal holiday, the time to deliver the xxxxxxx money is extended until the end of the next day that is not a Saturday, Sunday, or legal holiday. Time is of the essence for this paragraph. (Address of Property)