22 Tex. Admin. Code § 537.1

Current through Reg. 49, No. 18; May 3, 2024

Section 537.1 - Definitions

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.

22 Tex. Admin. Code § 537.1

Adopted by Texas Register, Volume 48, Number 23, June 9, 2023, TexReg 2956, eff. 6/11/2023