Trec 1 form 2025

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The document is a form from the Tennessee Real Estate Commission (TREC) for transferring, releasing, or changing the status of real estate licenses. It outlines various options for licensees, including transferring to a new firm, changing names or addresses, and altering their active or inactive status. Each option has associated fees and specific information requirements that must be completed by the licensee and their principal broker.

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2003	4.9 Satisfied (41 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is 1 form in real estate?

The Form 1 is the basis of the formal statement by the vendor about certain details relating to the property being conveyed. The purpose of the Form 1 is to provide the buyer with important information about the property, including any encumbrances, easements, or other legal issues that may affect the sale.

Can I write my own real estate contract in Texas?

There is no standard residential real estate contract in Texas, at least not in the sense that any particular form is required. Contract forms published by the Texas Real Estate Commission (TREC) and Texas Realtors (TXR) are commonly used; however, they are optional.

What is the purpose of promulgated forms in Texas?

Description. All Texas real estate transactions are formalized using a standard suite of contracts known as the Promulgated Forms, and it is a core role of the real estate salesperson to guide their clients through the proper use of these forms to a successful and legally binding conclusion.

What does TREC promulgated mean?

Promulgate means to make known publicly. When TREC promulgates a contract, that means theyve made it official, or law. In other words, they require that particular form to be used by all agents in any relevant transaction. So how does TREC get from real estate transaction form to promulgated contract?

What is a TREC promulgated form?

Promulgated contract forms are forms that are both approved and required by the Texas Real Estate Commission. These will be used by agents and brokers alike during transactions to make the agreements official.