If the sales price may be adjusted based on a survey, which of the following is true?

Study for the Texas Promulgated Contracts Exam. Gain understanding with detailed explanations and various question formats. Prepare effectively and ace your test!

In real estate transactions, when a sales price can be subject to adjustment based on survey findings, it indicates that various aspects of the contract can be modified to reflect these findings. This flexibility allows for adjustments to be made either to the cash portion or the financed amount, or potentially both, according to the terms agreed upon by the parties involved.

Combining potential adjustments, such as adjusting the cash portion while also altering the amount financed, is often acceptable. Therefore, it is indeed possible for any of these aspects to be adjusted based on survey results, making it accurate to say that any of the above scenarios can occur. This adaptability ensures that both buyers and sellers can negotiate terms that align more closely with the property's actual value as determined by the survey, promoting fairness in the transaction.

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