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Texas Occupations Code - OCC § 1101.155. Rules Relating to Contract Forms

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The commission may adopt rules in the public's best interest that require license holders to use contract forms prepared by the Texas Real Estate Broker-Lawyer Committee and adopted by the commission.

(b) The commission may not prohibit a license holder from using for the sale, exchange, option, or lease of an interest in real property a contract form that is:

(1) prepared by the property owner; or

(2) prepared by an attorney and required by the property owner.

(c) A listing contract form adopted by the commission that relates to the contractual obligations between a seller of real estate and a license holder acting as an agent for the seller must include:

(1) a provision informing the parties to the contract that real estate commissions are negotiable; and

(2) a provision explaining the availability of Texas coastal natural hazards information important to coastal residents, if that information is appropriate.

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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 1101.155. Rules Relating to Contract Forms - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-1101-155/

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