Texas Register, Volume 38, Number 35, Pages 5587-5800, August 30, 2013 Page: 5,675
5587-5800 p. ; 28 cm.View a full description of this periodical.
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The amendment to 537.37 proposes to adopt by reference
Standard Contract Form TREC No. 30-11, Residential Condo-
minium Contract. The proposed revisions are the same as those
proposed for TREC Form No. 20-12 except as follows. The def-
inition of "Property" in Paragraph 2 is not changed. Paragraph
2.B(3) is deleted as a typographical error. No changes were
made to paragraph 6.A.(8).
The amendment to 537.44 proposes to adopt by reference
Standard Contract Form TREC No. 37-5, Subdivision In-
formation, Including Resale Certificate for Property Subject
to Mandatory Membership in a Property Owners' Associa-
tion. Paragraph H is amended to more closely track statutory
changes to Chapter 207, Property Code.
The amendment to 537.47 proposes to adopt reference by
Standard Contract Form TREC No. 40-5, Third Party Financing
Addendum for Credit Approval. New paragraph E is added to
reference USDA Guaranteed Financing.
New 537.53 proposes to adopt reference by Standard Contract
Form TREC No. 46-0, Mutual Termination of Contract. The form
is to be used when the Buyer and Seller mutually agree to termi-
nate the contract and release the earnest money, or to terminate
the contract without releasing the earnest money.
Loretta R. DeHay, General Counsel, has determined that for the
first five-year period the sections are in effect there will be no
fiscal implications for the state or for units of local government
as a result of enforcing or administering the sections. There is
no anticipated impact on small businesses, micro-businesses or
local or state employment as a result of implementing the sec-
tions. There is no anticipated economic cost to persons who are
required to comply with the proposed sections.
Ms. DeHay also has determined that for each year of the first five
years the sections as proposed are in effect the public benefit an-
ticipated as a result of enforcing the sections will be the availabil-
ity of current standard contract forms that, among other things,
conform to new or recently revised statutory requirements.
Comments on the proposal may be submitted to Loretta R. De-
Hay, General Counsel, Texas Real Estate Commission, P.O. Box
12188, Austin, Texas 78711-2188 or via email to general.coun-
sel@trec.texas.gov. The deadline for comments is 30 days after
publication in the Texas Register.
The amendments are proposed under Texas Occupations Code,
1101.151, which authorizes the Texas Real Estate Commission
to adopt and enforce rules necessary to administer Chapters
1101 and 1102; and to establish standards of conduct and ethics
for its licensees to fulfill the purposes of Chapters 1101 and 1102
and ensure compliance with Chapters 1101 and 1102.
The statute affected by this proposal is Texas Occupations Code,
Chapter 1101. No other statute, code or article is affected by the
proposed amendments.
537.20. Standard Contract Form TREC No. 9-11 [9-40].
The Texas Real Estate Commission adopts by reference standard con-
tract form TREC No. 9-11 [9-10] approved by the Texas Real Estate
Commission in 2014 [2412] for use in the sale of unimproved property
where intended use is for one to four family residences. This document
is published by and available from the Texas Real Estate Commission,
P.O. Box 12188, Austin, Texas 78711-2188, www.trec.texas.gov.
537.28. Standard Contract Form TREC No. 20-12 [20-11].The Texas Real Estate Commission adopts by reference standard con-
tract form TREC No. 20-12 [20-44] approved by the Texas Real Es-
tate Commission in 2014 [2042] for use in the resale of residential real
estate. This document is published by and available from the Texas
Real Estate Commission, P.O. Box 12188, Austin, Texas 78711-2188,
www.trec.texas.gov.
537.30. Standard Contract Form TREC No. 23-13 [23-12].
The Texas Real Estate Commission adopts by reference standard con-
tract form TREC No. 23-13 [23-42] approved by the Texas Real Estate
Commission in 2014 [24-2] for use in the sale of a new home where
construction is incomplete. This document is published by and avail-
able from the Texas Real Estate Commission, P.O. Box 12188, Austin,
Texas 78711-2188, www.trec.texas.gov.
537.31. Standard Contract Form TREC No. 24-13 [24-12].
The Texas Real Estate Commission adopts by reference standard con-
tract form TREC No. 24-13 [24- 2] approved by the Texas Real Estate
Commission in 2014 [2014] for use in the sale of a new home where
construction is completed. This document is published by and avail-
able from the Texas Real Estate Commission, P.O. Box 12188, Austin,
Texas 78711-2188, www.trec.texas.gov.
537.32. Standard Contract Form TREC No. 25-10 [25-9].
The Texas Real Estate Commission adopts by reference standard
contract form TREC No. 25-10 [25-9] approved by the Texas Real
Estate Commission in 2014 [20-2] for use in the sale of a farm or
ranch. This document is published by and available from the Texas
Real Estate Commission, P.O. Box 12188, Austin, Texas 78711-2188,
www.trec.texas.gov.
537.37. Standard Contract Form TREC No. 30-11 [30-10].
The Texas Real Estate Commission adopts by reference standard con-
tract form TREC No. 30-11 [30-40] approved by the Texas Real Es-
tate Commission in 2014 [20-2] for use in the resale of a residential
condominium unit. This document is published by and available from
the Texas Real Estate Commission, P.O. Box 12188, Austin, Texas
78711-2188, www.trec.texas.gov.
537.44. Standard Contract Form TREC No. 37-6 [37-5].
The Texas Real Estate Commission adopts by reference standard con-
tract form TREC No. 37-6 [37-5] approved by the Texas Real Es-
tate Commission in 2014 [2042] for use as a resale certificate when
the property is subject to mandatory membership in an owners' asso-
ciation. This document is published by and available from the Texas
Real Estate Commission, P.O. Box 12188, Austin, Texas 78711-2188,
www.trec.texas.gov.
53 7. 47. Standard Contract Form TREC No. 40-5 [49-4].
The Texas Real Estate Commission adopts by The Texas Real Estate
Commission adopts by reference standard contract form, TREC No.
40-5 [40-4] approved by the Texas Real Estate Commission in 2014
[2012] for use as an addendum to be added to promulgated forms of
contracts when there is a condition for third party financing. This docu-
ment is published by and available from the Texas Real Estate Commis-
sion, P.O. Box 12188, Austin, Texas 78711-2188, www.trec.texas.gov.
537.53. Standard Contract Form TREC No. 46-0.
The Texas Real Estate Commission adopts by reference standard con-
tract Form TREC No. 46-0 approved by the Texas Real Estate Com-
mission in 2014 for use when a buyer and seller wish to mutually ter-
minate a contract. This document is published by and available fromPROPOSED RULES August 30, 2013 38 TexReg 5675
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Texas. Secretary of State. Texas Register, Volume 38, Number 35, Pages 5587-5800, August 30, 2013, periodical, August 30, 2013; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth342086/m1/89/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.