Section 1101.155 - Rules Relating to Contract Forms(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.Tex. Occ. Code § 1101.155
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 2, eff. 6/1/2003.