Which of the following is not typically part of a sales contract?

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Prepare for the Texas Real Estate Principles 2 Exam. Hone your skills with comprehensive flashcards and multiple-choice questions, each with detailed hints and explanations. Get exam-ready today!

A sales contract in real estate typically includes essential elements such as a property description, closing date, and contingencies. These components are critical to outlining the specifics of the transaction and the obligations of both the buyer and seller.

The property description provides a legal identification of the real estate being sold, ensuring that all parties know exactly what property is included in the sale. The closing date establishes a timeline for when the transaction will be finalized, allowing both parties to prepare for the transfer of ownership. Contingencies are conditions that must be met for the sale to proceed, such as financing or inspection requirements, thus protecting the interests of the buyer and seller.

In contrast, the current tenant's rental history is generally not a standard part of a sales contract unless the property being sold is an investment property and the buyer is specifically interested in that information. This detail, while possibly relevant in negotiations or addendums, is not essential to the framework of a typical real estate sales contract. Therefore, it stands out as the option that is not typically included.

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