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Who is required to pay for the subdivision information under the TREC Addendum for Property Subject to Mandatory Membership in a Property Owners Association?

User Pegasis
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Answer:

The buyer

Step-by-step explanation:

TREC is Texas real estate commission, a state agency under Texas staye government. Established in 1949, the agency governs real estate practices and protects consumers of real estate .

Some homeowners and homeowners association require buyers who wish to buy property to cover certain costs in transfer of ownership of the property. The costs and who covers them is covered under TREC Paragraph C, Fees of the Addendum for Property Subject to Mandatory Membership in a Property Owners Association (TAR 1922, TREC 36-8). According to the law the buyer will pay for all costs and fees in transfer except for fees covered in Paragraphs A, D, and E.

User Mehraj Khan
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