Everything a Texas agent needs on the Seller Financing Addendum — when sellers actually carry the note, which contracts and addenda it pairs with, where legal and tax advice stop, and how RaiderX-sponsored agents fill, send, and file it without leaving the transaction file.
The Seller Financing Addendum is a TREC-promulgated addendum — currently form TREC 26-8, rev. 2022-11-07 — used whenever the seller, rather than a bank or mortgage lender, agrees to carry some or all of the buyer's purchase financing. It's approved for use with residential sales, farm & ranch, and vacant land deal types, which is why it shows up most often in acreage, rural, and unimproved-land transactions where conventional lending is harder to secure.
Texas REALTORS® publishes an identical reprint as TXR 1914, also at rev. 2022-11-07. Whichever numbering your MLS or transaction system defaults to, the content and current version are the same — the important thing is confirming you're working from the latest revision rather than a stale copy saved on someone's desktop months or years ago.
At its core, the addendum frames the private note the seller is carrying: the amount being financed, how the promissory note and any deed of trust are referenced, and how the arrangement sits alongside the rest of the contract. It does not replace a promissory note or deed of trust — it works alongside those separate loan documents, and understanding that distinction before writing a seller-financed offer prevents a lot of downstream confusion at closing.
Seller financing tends to surface in specific situations rather than everyday resales. Rural land and farm & ranch tracts are a classic case: many lenders won't finance raw acreage the way they finance a standard rooftop, so a seller willing to carry paper can be the difference between a deal closing and a deal dying at the financing contingency. Investor-to-investor resales are another common setting, particularly when the buyer plans a quick turn or renovation and doesn't want the timeline and underwriting friction of an institutional loan.
The core addendum for residential sales, farm & ranch, and vacant land where the seller is carrying the note. Current rev. 2022-11-07 for both the TREC original and the TXR reprint.
Use this instead of TREC 26-8 when the buyer is getting a conventional, FHA, VA, or other institutional loan — never attach both to describe the same financing.
Applies when the buyer is assuming the seller's existing loan rather than the seller originating new financing — a different structure from seller-carried paper.
Relevant alongside an assumption, particularly VA loans, where the seller wants to be released from liability and have entitlement restored.
Common on farm & ranch and vacant land contracts carrying seller financing where the seller intends to reserve mineral rights — check whether it applies before closing.
An agent's role with TREC 26-8 is to fill in the contract terms accurately and make sure the right form is attached to the right contract — not to draft the promissory note, structure interest terms, or advise on the tax treatment of installment sale income. Those are jobs for a real estate attorney, tax professional, or qualified loan-document service, and clients should be pointed there early, before the addendum terms get finalized.
Seller financing also raises questions — usury limits, balloon payment structuring, recording of the deed of trust or vendor's lien, and in some cases federal requirements under the SAFE Act or Dodd-Frank for sellers who finance multiple properties a year — that fall outside what a real estate license authorizes an agent to answer. Treat any specific question in these areas as a referral, not a conversation to have solo with a client.
The safest practice is to build the habit early: identify seller financing as soon as it comes up in a listing or offer conversation, get the client to an attorney or loan-document service before terms are locked, and keep the addendum itself focused on describing — not designing — the arrangement.
Every current TREC form and a growing TXR library, including TREC 26-8, fill from a guided form instead of a static PDF.
Send the Seller Financing Addendum and its companion forms for e-signature without paying per document.
Signed copies land in the deal file automatically, ready for broker review — nothing to upload by hand.
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No. The Seller Financing Addendum (TREC 26-8) attaches to the sales contract and frames the terms of the arrangement, but the actual loan is documented in a separate promissory note and typically a deed of trust or vendor's lien. Those loan documents are usually prepared by an attorney or a qualified loan-document service, not by the real estate agent.
The Seller Financing Addendum (TREC 26-8) is used when the seller is carrying some or all of the financing. The Third Party Financing Addendum (TREC 40-11) is used when the buyer is obtaining a conventional, FHA, VA, or other institutional loan. They serve opposite financing scenarios and shouldn't both be attached to describe the same loan.
It's built for the deal types it lists — residential sales, farm & ranch, and vacant land — so it commonly pairs with the One to Four Family Residential Contract (Resale) (TREC 20-19), the Unimproved Property Contract (TREC 9-18), and the Farm and Ranch Contract (TREC 25-17).
No. Agents fill in the addendum's contract terms but should not draft promissory notes, structure interest or tax terms, or give legal or tax advice. Clients should be directed to a real estate attorney, tax professional, or qualified lender for the underlying loan documents.
On farm & ranch and vacant land deals, sellers carrying financing sometimes also want to reserve mineral rights, in which case the Addendum for Reservation of Oil, Gas, and Other Minerals (TREC 44-3) may also be attached. Whether it applies depends on the specific deal, and any mineral-reservation language should be reviewed alongside the rest of the contract package.
No. RaiderX never takes a share of any commission. Individual partners keep 100% of their commission for a flat monthly fee; agents sponsored under a team, LLC, or PMC have a split set by their leader or entity owner, but RaiderX itself never takes a percentage, regardless of how the deal is financed.
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