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Does TREC require a CMA?

TREC Rule 535.16(c) provides two instances in which a real estate licensee is required to provide a broker price opinion (BPO) or comparative market analysis (CMA) on a property. The first instance is when a licensee negotiates a listing.

What are the TREC promulgated forms?

Texas Promulgated Forms provides a clear, practical approach to purchase agreements and an in-depth analysis of Texas Real Estate Commission (TREC) forms for new licensees and seasoned practitioners. Case studies provide you with hours of practice using TREC promulgated forms.

What is the purpose of the TREC information About Brokerage Services form?

Information about Brokerage Services (IABS) Facts: The new IABS and Consumer Protection Notice are statutorily required forms for consumer information to help ensure that consumers of Real Estate Services better understand how a broker or agent can represent them and where to find help if they need it.

Can I write my own real estate contract in Texas?

Ready to Draw the Texas FSBO Contract Yourself? It may seem scary to draft a For Sale By Owner agreement yourself, but you can. The contract consists of a property description, purchase price, and other information that you can fill out on your own. Verify 9 important elements in your contract and you are good to go.

Which of the following is an exception to using a TREC promulgated contract form?

ing to Texas Real Estate Commission(TREC)- promulgated contract forms, the exception is when the license holder or licensee is acting as a principal and not as an agent or when a real estate broker is acting only as a principal to a transaction like as a buyer or seller.

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