Tag Archives: forms

Updates to residential and property management forms now online

The Texas Association of REALTORS® residential and property management forms task forces in December proposed updated forms and new forms. After feedback from members like you, the below revised and new forms have been adopted. These association forms have been … Continue reading

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TREC clarifies exceptions to mandatory use of contract forms

In November, the Texas Real Estate Commission adopted changes to Section 537.11 of its rules, Use of Standard Contract Forms, which takes effect May 15. Here’s what the changes mean for you.  When a license holder is negotiating contracts for the … Continue reading

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From the Hotline: When the seller wants to accept a second offer

Members sometimes call the hotline when a seller is under contract but wants to accept a second offer that is higher. However, accepting the second offer is problematic. Doing so can bind the seller to two contracts to sell his … Continue reading

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What do you think of these proposed new and revised forms?

The residential and property management forms task forces, led by your fellow REALTORS®, have been working with the Texas Association of REALTORS® Legal Department to update forms and create new ones. Revisions have been proposed for the following forms: View … Continue reading

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Who can use TREC forms

True or false? You must have a real estate license to use the forms posted on the Texas Real Estate Commission’s website. False. TREC’s forms are public record, so they are available to anyone. However, the forms are primarily intended … Continue reading

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Who pays the transfer fees in a transaction involving an HOA?

Some homeowners associations charge fees for transferring the ownership of property from a seller to a buyer. Paragraph C, Fees, of the Addendum for Property Subject to Mandatory Membership in a Property Owners Association (TAR 1922, TREC 36-8) covers that … Continue reading

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What warranties do buyers have with new construction?

The New Home Contract (Incomplete Construction) (TAR 1603, TREC 23-14) and New Home Contract (Complete Construction) (TAR 1604, TREC 24-14) both have a Warranties section under Paragraph 7, Property Condition. Both sections state that the seller makes no warranties other … Continue reading

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