Which entity is responsible for drafting and revising contract forms in Texas?

The Broker-Lawyer Committee is the entity responsible for drafting and revising contract forms in Texas. This committee plays a critical role in ensuring that the legal language and terms used in real estate contracts are clear, up-to-date, and compliant with Texas law. By involving both brokers and attorneys, the committee ensures that the contracts are practical from a real estate transaction perspective while also adhering to legal standards and protecting the rights of all parties involved in a contract.

In Texas, this committee collaborates with the Texas Real Estate Commission (TREC) to provide the forms used by real estate professionals statewide. Given the complexity and ever-evolving nature of real estate law, having a dedicated committee for this purpose is essential for maintaining the integrity and usability of the contract forms used by practitioners in the field.

The other entities listed, while related to real estate or legal matters, do not have the specific responsibility for drafting and revising contract forms as the Broker-Lawyer Committee does, which is why this answer is accurate in the context of Texas contract law.