The Notice of Seller's Termination of Contract (TREC No. 50-0) is dated 8-13-18, and TREC's landing page lists the same date, 08/13/2018, as its Effective Date. This is the seller-side counterpart to the Notice of Buyer's Termination of Contract (TREC 38-8) — but with far fewer options.
Only two grounds, not eight
The form gives the seller exactly two checkboxes:
- Earnest money not delivered. "Buyer failed to deliver the earnest money within the time required under Paragraph 5 of the contract and before the time Seller provided this notice to Buyer."
- Other. The seller identifies the specific paragraph number of the contract or addendum being relied on, in a blank space provided.
By comparison, the buyer's version (TREC 38-8) lists eight specific grounds — the option period, financing failure, the HOA addendum, the Seller's Disclosure Notice paragraph, the appraisal addendum, uncured title objections, and an "Other" catch-all. The shorter seller's list reflects that the standard contract simply gives buyers more built-in, cause-based termination rights than it gives sellers — a seller's main built-in right under the promulgated contract is the buyer's failure to timely deliver earnest money.
Same "not an election of remedies" language
Like the buyer's version, this form states directly: "This notice is not an election of remedies. Release of the earnest money is governed by the contract." Sending this notice documents that the seller considers the contract terminated — it doesn't by itself resolve who gets the earnest money.
Same attorney warning
The form carries the identical bolded caution as the buyer's version: "CONSULT AN ATTORNEY BEFORE SIGNING: TREC rules prohibit real estate license holders from giving legal advice. READ THIS FORM CAREFULLY."