Which statement about Texas Real Estate Commission promulgated contract forms is TRUE?

The statement that licensed real estate professionals must use Texas Real Estate Commission (TREC) promulgated contract forms when establishing real estate contracts is accurate. TREC has developed specific forms that are designed to ensure compliance with Texas laws and regulations, promote transparency, and protect the rights of the parties involved in a real estate transaction. While some forms can be used in certain situations, it is mandatory for licensed agents to utilize these standard forms for transactions that fall within their jurisdiction to maintain professionalism and legal compliance.

These promulgated forms contain essential clauses and provisions tailored to the Texas real estate market, which helps to minimize potential disputes and misunderstandings. Consequently, relying on these official documents is a critical practice for licensed professionals, reinforcing the idea that their use is not merely suggested but required in many instances.