Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 537PROFESSIONAL AGREEMENTS AND STANDARD CONTRACTS
RULE §537.1Definitions
ISSUE 03/03/2023
ACTION Proposed
Preamble Texas Admin Code Rule
The following terms and phrases, when used in this chapter, have the following meanings:

  (1)Commission--The Texas Real Estate Commission.

   (2)Contract forms--Contracts and related addenda, including notices, amendments, and other documents, used in the sale, exchange, option, or lease of any interest in real property.

   (3)Informational item-A statement that completes a blank in a contract form, discloses factual information, or provides instructions.

   (4)License holder -- A real estate broker or sales agent licensed under Chapter 1101, Texas Occupations Code.

   (5)Mandatory use - Unless an exception applies under subsection (a) of section 537.11 (relating to Use of Standard Contract Forms; Unauthorized Practice of Law), use of the contract form is required by a license holder.

   (6)Voluntary use - A license holder may, but is not required to, use the contract form.

The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.

Filed with the Office of the Secretary of State on February 15, 2023

TRD-202300728

Vanessa E. Burgess

General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: April 2, 2023

For further information, please call: (512) 936-3284

 

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