To sell a townhouse, which contract is typically utilized by an agent?

Get ready for the AceableAgent Promulgated Contracts Test. Practice with multiple choice questions, each offering hints and detailed explanations. Boost your confidence and ace your exam!

The One to Four Family Residential Contract is the appropriate choice for selling a townhouse because townhouses are categorized as residential properties that typically fall within the range of one to four family units. This type of contract is specifically designed for residential transactions involving single-family homes, townhouses, and other similar properties, making it the most fitting legal agreement for such sales.

This contract includes provisions that address the unique aspects of residential transactions, such as financing details, property condition, and disclosures, which are essential for protecting the interests of both the buyer and the seller. It also outlines the terms of the sale, which are key for a smooth, legally binding transaction.

Other contracts, such as the Condominium Sale Agreement or the Multi-Family Residential Agreement, would be better suited for different types of properties—like condominiums or properties with more than four units, respectively. The Commercial Real Estate Contract is intended for commercial transactions, which do not apply to residential properties like townhouses. Hence, the One to Four Family Residential Contract best addresses the needs and protections required in the sale of a townhouse.

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