🤠 Texas Real Estate Question of the Day 📘
A buyer and seller have a signed contract on a Texas home. Three weeks before closing, a fire severely damages the property. Under the TREC One to Four Family Residential Contract, who bears the risk of loss?
A) The buyer — risk transfers to the buyer once both parties sign
B) The seller — risk remains with the seller until closing and funding
C) Whoever holds the active homeowner's insurance policy
D) Both parties share the risk equally until closing
👇 Drop your answer before checking the comments