Paragraph 6 Spotlight

Paragraph 6

SPOTLIGHT

TITLE POLICY AND SURVEY Presented by the Education Team at Independence Title. TREC Approved Continuing Education Provider License# 403.

6A. TITLE POLICY

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“Will be amended”, means WILL get the coverage!

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5% of this #

$500K = $137.80

6B. COMMITMENT:

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6C. SURVEY

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Listing Agents…know your “survey situation”!!!

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To protect your seller’s privacy, hide their DOB and address when uploading the survey and T-47.1 to the MLS.

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6D. OBJECTIONS:

PARAGRAPH 6D. OBJECTIONS PART 1 “Buyer may object in writing to defects, exceptions, or encumbrances to the title: disclosed on the survey other than items 6A(1) through (7) above; disclosed in the Commitment other than items 6A(1) through (9) above; or which prohibit the following use or activity:__________.”

PARK RV IN THE DRIVEWAY? SHORT TERM RENTAL BUILD A SWIMMING POOL? IN-HOME DAY CARE? URBAN CHICKENS?

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PARAGRAPH 6D. OBJECTIONS PART 2 “Buyer must object the earlier of (i) the Closing date or (ii) ___ days after the Buyer receives the Commitment, Exception Documents, and the survey. Buyer’s failure to object within the time allowed will constitute a waiver of Buyer’s right to object; except that the requirements in Schedule C of the Commitment are not waived by Buyer.”

PART 3 “Provided Seller is not obligated to incur any expense, Seller shall cure any timely objections of the buyer OR third-party lender within 15 days after the Seller receives the objections (CURE PERIOD) and the Closing Date will be extended as necessary.”

PARAGRAPH 6D. OBJECTIONS PART 4 “If objections are not cured within the Cure Period, Buyer may, by delivering written notice to the Seller within 5 days after the end of the Cure Period: (i) terminate this contract and the earnest money will be refunded to Buyer; or (ii) waive the objections. If Buyer does not terminate within the time required Buyer shall be deemed to have waived the objections.”

PART 5 “If the Commitment or Survey is revised or any new Exception Document(s) is delivered, Buyer may object to any new matter revealed in the revised Commitment, Survey or new Exception Document(s) within the same time stated in this paragraph to make objections beginning when the revised Commitment, Survey or Exception Document(s) is delivered to the Buyer.”

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6E. TITLE NOTICES:

CAUTION!!

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2 ways NOTICE is given 1.Notice is given in the contract.

-OR2.Notice is given in a separate form.

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Title of the Notice

How Notice is Given

6E. (1)

ABSTRACT OR TITLE POLICY

In the Contract

6E. (5)

ANNEXATION

In the Contract

6E. (6)

CERTIFIED SERVICE AREA OF A UTILITY SERVICE PROVIDER

In the Contract

6E. (8)

PRIVATE TRANSFER FEES

In the Contract

6E. (10) NOTICE OF WATER LEVEL FLUCTUATIONS

In the Contract

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6E. Title Notices (2)

Separate Form

HOA Addendum

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6E. Title Notices (3)

Separate Form

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Notice to Purchasers or MUD Notice Best Practices

• Google Search • Phone Call • Ask Independence Title for Help

6E. Title Notices (4)

Separate Form

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Addendum for Coastal Area Property

TREC No. 33-2 TXR-1915

6E. Title Notices (7)

Separate Form

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PID Addendum

• Google Search • Phone Call

TREC No. 53-0 TXR-1955

• Ask Independence Title for Help

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6E. Title Notices (9)

Separate Form

Propane Gas Services System Area

TREC No. 47-0 TXR-2514

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6E. Title Notices (11)

Separate Form

This comes from the Mold Remediation Company

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Don't forget paragraph 22

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© 2025 Independence Title – Education Team. All rights reserved. No part of this ebook may be reproduced or distributed without written permission, except for brief quotations permitted by law. This material is for educational purposes only, and Independence Title is not liable for any errors or outcomes resulting from its use.