In this video, we go over everything you need to know about Texas real estate purchase agreements. The sales agent's agreement should also address how compensation is handled with the broker.In this video, we're going to walk step-by-step through the 10 pages of the TREC One to Four Residential Resale Contract (Form No. This is a binding contract. Read carefully before signing. This article answers some questions about purchasing a home through a longterm executory contract instead of taking out a mortgage. Under Texas Property Code 5.066, if a buyer remains in default after the catch up period: If the buyer had 60 days to catch up on payments, the seller can only sell the property. If the lease is month to month, you can easily push your tenant to move out with sufficient advanced notice. Read your lease agreement carefully to better understand your legal position, and talk to a real estate lawyer if you have any questions. (b) at any time Landlord lists the Property for sale with a Texas licensed broker.