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Video Guide on Real Estate Forms for Texas management

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Commonly Asked Questions about Real Estate Forms for Texas

In Texas, while buyers and sellers can draft their own real estate contract forms, it is highly advisable to seek professional assistance from legal experts, the Texas Real Estate Commission (TREC), or real estate professionals to ensure the document adheres to the intricacies of state laws and provides comprehensive
While anyone may use forms promulgated by TREC, the 150-plus Texas REALTORS forms are for the exclusive use of the associations members.
Before TREC even considers a contract form for promulgation, the Broker-Lawyer Committee must identify a real estate transaction requiring a standardized contract. There are six main sales contracts that TREC promulgates.
Brokers and Agents Must Use TREC Forms Unless one is a real estate license holder, there is no required form for a residential real estate contract in Texas.
What is the difference between a TREC-approved form and a TREC-promulgated form? Promulgated forms are created specifically by the Texas Legislature, while approved forms are created by the Commission. Approved forms must be used, while promulgated forms may be used.
TREC promulgates the following six contracts: Unimproved Property Contract; One-to-Four-Family Residential Contract (Resale); New Home Contract (Incomplete Construction); New Home Contract (Complete Construction); Farm Ranch Contract; and Residential Condominium Contract.
As public records, contract forms adopted by the Texas Real Estate Commission are available to any person. Real estate license holders are required to use these forms.
Name the 6 TREC Promulgated forms. 1 to 4 family residential sales contract resale. Residential Condominium Contract (Resale) Farm and Ranch Contract. Unimproved pPoperty Contract. New Home Contract (Competed construction) New Home Contract (Completed construction)