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Commonly Asked Questions about Texas Real Estate Legal Documents

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)
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.
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.
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.
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.
The enforceability of a Texas contract relies on several factors. The first one being mutual agreement between the parties, where they both accept and understand the definite terms stated in an offer. If both parties do not completely agree on the terms, then the contract is considered invalid.
Only attorneys can give legal advice. Paralegals, legal assistants , and notary publics are all nonlawyers. They cannot prepare documents on your behalf. Paralegals and other legal staff in a law office may be able to assist with legal work, but it must be under the supervision of a licensed attorney.
While anyone may use forms promulgated by TREC, the 150-plus Texas REALTORS forms are for the exclusive use of the associations members.