Who is responsible for the drafting and revising of promulgated forms in Texas real estate?

The Texas Real Estate Broker-Lawyer Committee is responsible for the drafting and revising of promulgated forms associated with real estate transactions in Texas. This committee, composed of both real estate brokers and lawyers, is established to ensure that the forms are legal, standardized, and in compliance with Texas law. Their expertise allows for the creation of forms that are not only user-friendly but also protect the interests of all parties involved in real estate transactions.

Real estate agents and brokers utilize these promulgated forms in their daily operations, but they do not have the authority or responsibility for drafting or revising these forms. Local real estate boards may provide support or additional resources to agents and brokers, but they do not have the mandate to create official forms. The work of the Texas Real Estate Broker-Lawyer Committee is crucial in keeping these forms relevant and legally sound, thus safeguarding the integrity of real estate practices in Texas.