Final Review and Agent Promise
IN THIS LESSON
(Time: 15 Minutes)
Texas contracts have two critical clocks ticking. Learn the difference between the Option Period and the 10-Day Lead Rule. This lesson shows you how the professional inspection report unlocks the buyer's 14-day safety net to get their earnest money back.
Your Three Commitments
-
Never forget that lead is a permanent poison that targets children's brains. Always promote the professional inspection (the "X-Ray").
-
Always check the 1978 rule. Ensure the TREC OP-L is fully signed, documented, and you know when to withdraw to avoid fines up to $16,000.
-
Always explain the 10-day inspection right and the 14-day rule that gets the buyer's Earnest Money refunded if hazards are found. [5, 6]
Final Assessment
You must pass this comprehensive quiz to receive your 60-minute Continuing Education credit. The questions cover the Three Pillars of Compliance mastered in Lessons 1-4. Good luck!
-
Withdraw from representation
-
1978
-
TREC NO. OP-L
-
14 days