A license holder in Texas assists a client with a for-sale-by-owner (FSBO) transaction where the license holder is only providing limited services (filling out paperwork). The client wants to use a contract downloaded from the internet. The license holder should:
Correct Answer
D) Use the TREC promulgated form because the mandatory use requirement applies regardless of the level of service provided
The mandatory use of TREC promulgated forms applies to all license holders in all transactions for which a promulgated form exists, regardless of the scope of services being provided. Limited service agreements do not exempt the license holder from this requirement.
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Agent Nguyen is working with a buyer who wants to purchase a duplex in Fort Worth. The duplex has two rental units. Which TREC promulgated form should Agent Nguyen use?
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Sales agent Brown wants to help her client by adding a clause to the TREC promulgated contract requiring the seller to pay for pest inspection. Brown should: