Which of the following is a TREC-promulgated form?

Prepare for the Texas Contract Law Exam. Study with engaging multiple choice questions, each with explanations. Get ready to excel in your Texas Contract Law Exam!

The Addendum for Sale of Other Property by Buyer is a TREC-promulgated form, meaning it has been officially created and approved by the Texas Real Estate Commission (TREC) for use in real estate transactions throughout Texas. This form is used when a buyer is attempting to sell their current property while making an offer on a new property, essentially providing a contingency that depends on the sale of their existing property.

TREC-promulgated forms are designed to standardize documents used in real estate transactions, ensuring they meet legal requirements and protect the interests of all parties. This particular addendum addresses specific situations in real estate transactions and provides a clear framework for buyers and sellers, thereby minimizing the possibility of misunderstanding and disputes.

The other options, while relevant to real estate transactions, are not considered TREC-promulgated forms. The Residential Lease Agreement is typically a private agreement and may be modified without TREC’s involvement. The Inspection Report is often generated by licensed inspectors and used voluntarily by parties, but it is not a standardized form promulgated by TREC. The Buyer’s Representation Agreement, although useful in defining the relationship between a buyer and a real estate agent, is also not a TREC-promulgated form, as it involves a more

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