A buyer and seller in Texas have agreed on all terms of a residential sale. The buyer's agent fills in the blanks on the TREC promulgated contract and also adds two sentences to Paragraph 11 (Special Provisions) stating that the seller will repair a leaking faucet before closing. Has the agent acted properly?
Correct Answer
D) Yes, because Paragraph 11 permits license holders to insert factual statements and business details
Paragraph 11 (Special Provisions) of the TREC promulgated contract allows license holders to insert factual statements and business details that do not constitute legal advice or complex legal provisions. A simple statement that the seller will repair a specific item is a factual business detail.
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TREC categorizes its forms into different classifications. Which of the following is NOT a category of TREC forms?
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