Texas real estate commission law says you can have multiple buyers on a single family contract, what is maximum number of people that should be on a contract sales ?
948Texas real estate commission law says you can have multiple buyers on a single family contract, what is maximum number of people that should be on a contract sales and also the term and conditions if the multiple buyers are not in the same state or country? What would be the process?
5 answer(s)
About 2 years ago
There is no limit but not fun to deal with multiple buyers and multiple sellers
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DislikeAbout 2 years ago
There is no limit, but it could get very difficult dealing with several people on one contract. At times however it's unavoidable when dealing with families going through probate.
#1 Awarded – Best AnswerAbout 2 years ago
I have had 14 sellers on one of my listings! It grows when anyone dies. It’s tough as they all don’t agree all of the time!
About 2 years ago
No limit but not fun. You’ll find this more often with estates and inheritance.
About 2 years ago
The answer to your question is no, there is not a limit to how many can go onto a contract. However, if they are financing, I doubt a lender would pull 60+ people for financing terms. Or, if it's going to be a time share or corporate housing, most just do in the company name instead of listing each shareholder.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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