SECTION 537.1. Definitions

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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.

Source Note: The provisions of this §537.1 adopted to be effective June 11, 2023, 48 TexReg 2956

                    
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