Texas Promulgated Contracts Practice (Paperback) (ISBN-13: 9781965482599)

Performance Programs Company's Texas Promulgated Contracts Practice is one of the six required 30-hour prelicense education courses every candidate for a Texas real estate salesperson license must complete before sitting for the state licensing examination administered by the Texas Real Estate Commission (TREC).

This course treats contract law not as an abstract legal subject but as the practical core of professional real estate work in Texas. A licensee who cannot read a contract carefully, complete a form correctly, explain provisions clearly to clients, and recognize when something is wrong before it becomes a problem will not serve clients well, regardless of skill in every other dimension of practice. The text is organized into nine chapters that build understanding progressively, beginning with the legal principles and Texas regulatory framework that govern real estate contracts, moving through the promulgated forms that licensees use every day, and ending with a hands-on workshop in which you complete those forms from realistic transaction facts.

Topics include the origins of Texas real estate regulation, the essential elements and classifications of a valid contract, the Texas Real Estate License Act (TRELA) and TREC rules, the role of the Broker-Lawyer Committee, antitrust limits on broker conduct, and the line between permissible brokerage activity and the unauthorized practice of law. The heart of the course works through the One to Four Family Residential Contract (Form 20-19) paragraph by paragraph, along with its financing addenda, earnest money and termination option, title insurance, the survey, and the property condition and seller disclosure notices. The course also examines the five other promulgated sale contracts, the temporary residential leases, the addenda, amendment, and notice forms, the elements of fraud, the current broker compensation environment, and the federal Fair Housing Act.

The complete current set of TREC promulgated contracts, addenda, the amendment, and the related notices and disclosures is reproduced at the back of the book, so you can study and practice on the same documents you will use in daily practice.

Each chapter opens with learning objectives and closes with a Snapshot Review summarizing key rules, definitions, and principles for focused exam preparation. Performance Programs Company sells other Texas prelicensing books including Principles of Real Estate Practice in Texas, Texas Real Estate License Exam Prep, Essentials of Contract Law in Texas, Fundamentals of Agency in Texas, and more.