How many TREC promulgated contract forms are there?

How many TREC promulgated contract forms are there?

• A. Four
• B. Five
• C. Seven
• D. Six

Answer: (D)

Six standard contract forms are promulgated by the Texas Real Estate Commission to cover the main property types that come up in transactions. Those forms are designed for different situations: One-to-Four Family Residential Contract (Resale), New Home Construction Contract, Residential Condominium Contract, Cooperative Contract, Unimproved Property Contract (for vacant land), and Farm and Ranch Contract. Each form tailors terms and disclosures to the specifics of that property type, helping ensure the contract addresses what buyers and sellers typically need to consider. While there are various riders and addenda that can accompany these forms, the base set consists of six promulgated contracts.

Six standard contract forms are promulgated by the Texas Real Estate Commission to cover the main property types that come up in transactions. Those forms are designed for different situations: One-to-Four Family Residential Contract (Resale), New Home Construction Contract, Residential Condominium Contract, Cooperative Contract, Unimproved Property Contract (for vacant land), and Farm and Ranch Contract. Each form tailors terms and disclosures to the specifics of that property type, helping ensure the contract addresses what buyers and sellers typically need to consider. While there are various riders and addenda that can accompany these forms, the base set consists of six promulgated contracts.