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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.
False. TREC's forms are public record, so they are available to anyone. However, the forms are primarily intended for use by real estate license holders, who are generally required to use these forms.
What is the difference between a "TREC-approved" form and a "TREC-promulgated" form? promulgated forms must be used, while approved forms may be used. The Texas Real Estate Commission regulates licensed real estate brokers and sales agents in the state.
Incomplete Construction means a failure to obtain a certificate of occupancy and to complete construction, rehabilitation or remodeling of a Property in accordance with approved plans and specifications in a good and workmanlike manner, or as indicated in the Original Value.
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