Promulgated Form
A standard contract form adopted by TREC that Texas license holders must use, filling in the blanks rather than drafting their own language.
A promulgated form is a contract or addendum that TREC has adopted for use in standard residential transactions, such as the One to Four Family Residential Contract (Resale) and its addenda. The Texas Real Estate Broker-Lawyer Committee drafts these forms, and TREC adopts them. A license holder must use the promulgated form when one applies and may only complete the blanks.
Drafting custom contract language, or adding clauses beyond filling in the form, is the unauthorized practice of law for a license holder. Some transactions, such as certain commercial deals or contracts prepared by a principal's attorney, fall outside the promulgated-form requirement.
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- Termination-Option Period
A negotiated period in the TREC residential contract during which the buyer may terminate for any reason, in exchange for an option fee.
- Seller's Disclosure Notice
The statutory Texas form on which a seller of most residential property discloses the property's known condition to the buyer.
- Statute of Frauds
The rule that contracts for the sale of real property must be in writing and signed to be enforceable.
This definition is Texas real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.