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Texas Real Estate Commission P. O. Box 12188 Austin TX 78711-2188 512 936-3000 http //www. trec.texas. gov TREC NO. 23-12. This form replaces TREC NO. 23-11. BROKER Other Broker Firm represents License No. Buyer only as Buyer s agent INFORMATION Listing Broker Firm Seller as Listing Broker s subagent Seller only as Seller s agent Licensed Supervisor of Associate Associate Listing Associate Other Broker s Address City State Zip Associate Email Address Selling Associate of the total sales price w ...

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What are the 4 essentials of a valid contract in real estate?

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

Can I write my own real estate contract in Texas?

Yes. The contract forms are available for public use. A TREC contract form, however, is intended for use primarily by licensed real estate brokers or sales agents who are trained in their correct use.

Can a seller get out of a contract in Texas?

The Texas Real Estate Commission recently approved Notice of Seller's Termination of Contract (TAR 1950, TREC 50-0) for mandatory use by license holders if the seller has the right to terminate.

What are the 6 contracts promulgated by TREC?

The Commission recently adopted changes to the following contract forms: Unimproved Property Contract. New Home Contract (Complete Construction) Notice of Buyer's Termination of Contract. Addendum Regarding Residential Leases.