Which entity promulgates the contract forms used in Texas real estate transactions?

In Texas, the Texas Real Estate Commission (TREC) is the authoritative body responsible for promulgating the contract forms that are widely used in real estate transactions. This function is crucial as it ensures that the standardized forms adhere to current legal regulations and provide adequate protection for all parties involved in the transaction.

TREC's role includes creating and updating forms that cover a range of real estate scenarios, allowing both buyers and sellers, as well as real estate professionals, to engage in transactions with a clear understanding of the terms and conditions set forth. By having these standardized contracts, TREC helps facilitate smoother transactions and minimizes the potential for disputes.

While other entities like a local broker, Consumer Affairs, or the Texas Legislature may have roles in the real estate industry or in protecting consumer rights, they do not hold the authority to create or issue the specific contract forms used in Texas real estate transactions.