Under TREC rules, a Texas license holder is permitted to use a non-promulgated contract form in all of the following situations EXCEPT:
Correct Answer
C) When the license holder believes the promulgated form does not adequately address the buyer's needs
A license holder's personal belief that the promulgated form is inadequate is NOT a valid exception to the mandatory use requirement. Under TREC Rules §537.11, license holders must use promulgated forms when they exist for the transaction type and cannot substitute their own judgment for the form requirement.
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More Promulgated Contract Forms Questions
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Previous Question
A buyer in Texas hires an attorney to draft a custom purchase contract for a single-family home. The buyer's sales agent is uncomfortable because a TREC promulgated form exists for this transaction. What should the sales agent do?
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Sales agent Chen is completing a TREC promulgated contract form for a residential transaction. The buyer wants to include a provision not addressed by the form or any addendum. What is the MOST appropriate action for Chen?