contracts

Deleting the Survey Exception

Deleting the Survey Exception

HERE'S A HOME BUYING RIDDLE FOR YOU: WHEN IS DELETING REALLY ADDING?  

The answer: when you delete the survey exception on a Texas Title insurance policy. 

What?!?!? Don't worry. You're not the only one who is confused.  As with so much of the specific language in in the updated versions of Texas Real Estate Commission (TREC) Contracts, it can be hard to understand the implications of industry jargon if you are unfamiliar.  Let's start by defining a few key terms: