License holder Garcia is working as an intermediary in a transaction where she represents both the buyer and seller. The buyer wants to add a special provision limiting the seller's remedies if the buyer defaults. Garcia should:
Correct Answer
D) Suggest the buyer consult an attorney to draft the provision
Regardless of the license holder's intermediary status, the prohibition against drafting legal provisions applies. Garcia should advise the buyer to consult an attorney for any custom legal provisions. Intermediary status does not expand or restrict the license holder's authority regarding promulgated forms.
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Which of the following transactions does NOT require the use of a TREC promulgated contract form by a Texas license holder?
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