Under Texas law, who serves on the Broker-Lawyer Committee that helps develop and revise TREC promulgated contract forms?
Correct Answer
B) Real estate brokers appointed by TREC and attorneys appointed by the State Bar of Texas
The Broker-Lawyer Committee consists of real estate broker members appointed by TREC and attorney members appointed by the State Bar of Texas, plus a public member. This joint composition ensures both real estate practice expertise and legal expertise in form development.
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A Texas sales agent is helping a client purchase a property at a tax lien foreclosure sale. The taxing authority provides its own purchase agreement. Should the sales agent use the TREC promulgated form instead?
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The TREC One to Four Family Residential Contract (Resale) is identified by which form number?