Real Estate Law

Why To Not Utilize A Promulgated Contract

Why To Not Utilize A Promulgated Contract

Because a realtor is prohibited from practicing law, a standardized form is required in all real estate transactions executed without an attorney. A promulgated contract is simply a blank form the Texas Real Estate Commission approved to be used by licensed brokers and agents when representing clients in the purchase and sale of real property and an attorney is not drafting the documents.