Final answer:
Under the TREC Third Party Financing Addendum, it is true that the buyer is responsible for loan-related fees, as the addendum outlines the buyer's finance-related obligations in a property sale.
Step-by-step explanation:
Under the TREC (Texas Real Estate Commission) Third Party Financing Addendum, it is true that the addendum outlines the buyer's obligations for loan-related fees.
The addendum specifically details the agreement between the buyer and seller regarding the financing terms for the property sale.
It includes clauses about the buyer's responsibility to apply for and secure financing according to the terms outlined, and it states that the buyer will be responsible for all expenses related to obtaining a loan, such as origination fees, points, and other applicable charges.