What are the requirements regarding the use of promulgated forms in Texas?

The correct choice emphasizes the mandatory use of promulgated forms for real estate transactions in Texas. Under Texas law, these forms are specifically created and standardized by the Texas Real Estate Commission (TREC) to ensure consistency and compliance with legal requirements across real estate transactions.

Using these promulgated forms is crucial as they help protect all parties involved by clearly outlining the terms and conditions of the agreement, reducing the risk of misunderstandings and disputes. Moreover, these forms are readily accessible through TREC's website, making it easy for licensed real estate professionals to obtain and utilize them in their practice.

While it's important to note that there are situations where licensed professionals can adapt these forms based on the specific needs of a transaction, the fundamental requirement remains that these standardized forms must be employed to ensure compliance with Texas real estate regulations. Additionally, the option about modifications specifies licensed sales agents, but the broader point is that all agents must adhere to the use of the promulgated forms in transactions. The claim that these forms cannot be used for transactions over $1 million is incorrect, as they are applicable across various transaction amounts.