A Texas license holder may properly insert language into the Special Provisions paragraph (Paragraph 11) of the TREC promulgated contract in all of the following situations EXCEPT:
Correct Answer
C) Adding a clause that limits the seller's liability for property defects discovered after closing
Adding a clause that limits seller's liability for property defects is drafting a legal provision, which constitutes the unauthorized practice of law. This type of complex legal language requires attorney involvement and cannot be inserted by a license holder into Special Provisions.
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Previous 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:
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A seller in Houston insists that the sales agent use a contract form downloaded from a legal website instead of the TREC promulgated form. The seller says the downloaded form is more comprehensive. What should the sales agent do?