Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 537PROFESSIONAL AGREEMENTS AND STANDARD CONTRACTS
RULE §537.1Definitions
ISSUE 06/09/2023
ACTION Final/Adopted
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 adoption and found it to be a valid exercise of the agency's legal authority.

Filed with the Office of the Secretary of State on May 22, 2023

TRD-202301861

Vanessa E. Burgess

General Counsel

Texas Real Estate Commission

Effective date: June 11, 2023

Proposal publication date: March 3, 2023

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

 

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