Reasons to Encourage Your Clients to Seek Attorney Review Before Executing the TREC Contract
TREC contracts are standardized, but the decisions made within them are anything but routine. Each checkbox, deadline, and addendum carries legal consequences that many buyers and sellers don’t fully understand even though they are typically making the largest sale/purchase of their lives. Although title companies do not see the contract until it is fully executed, encouraging clients to seek attorney review before signing provides clarity, reduces disputes, and protects both the client and brokers.
An attorney can identify potential risk points such as financing contingencies, inspection and repair obligations, title objections and deadlines, deed restrictions on use, mandatory homeowner’s association assessments and unique property issues. Legal review also reduces the likelihood of improperly completed forms—one of the primary causes of closing delays.
Regarding termination rights, attorneys are critical in helping clients properly exercise the limited avenues available. Buyers may exit during the short option period without cause; they may terminate over uncured title objections; or, in some circumstances, if financing fails or the property does not appraise for at least the purchase price under the contract terms. Sellers typically have fewer exit options but may avoid breach by ensuring that proper disclosures related to the property, deadlines, and any repairs are accurately documented. When clients understand their rights, transactions move forward more smoothly and with fewer surprises for the brokers and title company.
Attorney review doesn’t slow down a transaction — it strengthens it. By encouraging clients to consult legal counsel before executing the TREC contract, real estate brokers help create more predictable closings, reduce risk, and build a reputation for excellence in customer care.
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Reasons to Encourage Your Clients to Seek Attorney Review Before Executing the TREC Contract
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