Which of the following forms is not promulgated by the Texas Realtor commission?

Which of the following type of form is not promulgated by TREC?

TREC does not promulgate listing or buyer representation agreements, property management contracts, forms for commercial property, or residential leases (other than temporary residential leases used in connection with a sale). Contact your attorney or a real estate trade association for such forms.

How many TREC-promulgated forms are there?

Six contract forms are currently promulgated by TREC.

Which of the following is a TREC-promulgated form?

Which of the following is a TREC-promulgated form? Addendum for Sale of Other Property by Buyer. The Addendum for Sale of Other Property by Buyer is a TREC-promulgated addendum; the other choices are either TREC approved forms or TAR forms.

Which of the following is not a TREC-promulgated Addendum quizlet?

Which of the following is NOT a TREC-promulgated addendum? The answer is Addendum for Seller’s Right to Terminate. The Addendum for Seller’s Right to Terminate is not a TREC-promulgated addendum.

What are promulgated forms?

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 agreement’s official.

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What is the difference between a TREC approved form and a TREC promulgated form?

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.

Can the public use TREC forms?

Answer: 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.

What is Texas real estate License Act?

The Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders. … The Texas legislature created TREC in 1949 (10 years after the creation of TRELA) for that purpose. Think of it this way: TRELA is the law, and TREC is the enforcer of that law.

Which phrase best defines real estate?

Which phrase best defines real estate? Land and all things permanently affixed to it.

What has the greatest impact on the value of a property?

A home’s size has a major influence on its value, with some prospective homebuyers looking specifically at price per square foot to filter out this effect and determine value. Bigger houses tend to sell for higher prices, of course.

What is a 1 to 4 contract?

A one to four is a legally binding contract between a buyer and a seller of a real estate property in the state of Texas. It approves the resale of specific real estate properties. The Texas Real Estate Commission or TREC uses this contract frequently.

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