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Exam term

Termination option

A Texas buyer's paid right, under paragraph 5 of the TREC resale contract, to end an existing purchase contract by timely notice during the option period.

Lessons that use this term

  • Breach of contract, remedies, rescission, and termination Texas
  • Offer, counteroffer, and acceptance Texas
  • Earnest money, equitable title, and contingencies Texas
  • Option contracts and installment sales contracts Texas

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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