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?
Correct Answer
B) Advise the buyer to consult an attorney to draft the additional provision
When a buyer wants a provision not covered by the promulgated form or any TREC addendum, the license holder should advise the buyer to consult an attorney. License holders cannot draft contract language, and the Special Provisions paragraph should only contain factual statements and business details, not complex legal provisions.
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Under TREC rules, a Texas license holder is permitted to use a non-promulgated contract form in all of the following situations EXCEPT:
Next Question
License holder Williams discovers that after executing the TREC One to Four Family Residential Contract, the buyer and seller want to change the closing date. Williams should advise the parties to: