A Texas broker is selling her own investment property to a buyer who is not represented by an agent. The broker wants to use a simplified contract she drafted herself rather than the TREC promulgated form. Is this permissible?
Correct Answer
A) No, because the broker must use the TREC promulgated form whenever acting as a license holder in a transaction
Under TREC Rules §537.11, when a license holder is a party to a real estate transaction, they are still required to use the TREC promulgated forms. Being a principal in the transaction does not exempt a license holder from the mandatory use requirement.
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