When a Texas license holder uses a TREC promulgated contract form, the license holder is permitted to do which of the following?
Correct Answer
C) Fill in the blanks with the appropriate information as directed
Under TREC Rules §537.11, license holders are permitted only to fill in the blanks of promulgated forms with the appropriate factual information. This is the extent of their authority when using these forms.
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Previous Question
A relocation company purchases homes from transferred employees and then resells them. The company's attorney has drafted a standard purchase contract for all such transactions. A Texas license holder listing one of these properties receives an offer using the company's attorney-drafted contract. Should the license holder accept this contract?
Next Question
A buyer asks her Texas sales agent to draft an indemnification clause and add it to the TREC promulgated contract. The sales agent explains that she cannot draft legal language. The buyer then asks the agent to copy an indemnification clause from a previous transaction and paste it into the current contract. Should the agent comply?