Ready to get your Texas real estate license? The state-approved pre-license education package is made up of six courses. We recommend taking the courses in this order:
Each course takes 30 classroom hours to complete. These courses will help you prepare to pass the licensing exam. This overview will let you know what to expect from the Promulgated Contract Forms course specifically.
Many students save Promulgated Contract Forms for last because it provides some of the most hands-on application of concepts you learn in your pre-license courses. Still, it serves as a stand-alone guide to the required forms you will fill out in Texas real estate transactions. Let’s go over a few of the key topics the course will cover.
Real estate agents aren’t allowed to practice law, but they are qualified to fill out promulgated contracts that are legally binding. This serious responsibility is granted to those who can demonstrate an understanding of contract law.
This course covers important elements of contract law, such as:
What makes a contract valid, void, voidable, or unenforceable
Elements of a valid contract
Bilateral vs. unilateral contracts
Performance and termination of contracts
The statute of limitations
What is considered the unauthorized practice of law
If a contract is promulgated, that means it is provided by the Texas Real Estate Commission and is required for use by all Texas real estate professionals. If a promulgated contract exists for the type of transaction you’re handling, that standard form must be used.
You will study these promulgated contracts:
1-4 Family Residential Contract (Resale)
Residential Condominium Contract
Farm and Ranch Contract
Unimproved Property Contract
New Home Contracts
Addenda are forms that can be attached to contracts to provide additional information. The course will also cover these promulgated addenda:
Non-Realty Items Addendum
Third-Party Financing Addendum
Loan Assumption Addendum
Seller Financing Addendum
Addendum for Release of Liability on Assumed Loan and/or Restoration of Seller's VA Entitlement
Seller’s/Buyer’s Temporary Lease Form
Addendum for Sale of Other Property by Buyer
Addendum for Back-Up Contract
Addendum for Reservation of Oil, Gas & Other Minerals
Buyers Termination of Contract
Mutual Termination of Contract
Addendum for Property Subject to Mandatory Membership in an Owner's Association
Short Sale Addendum
From the Initial Offer to the Closing Table
You can expect plenty of practical information on how to guide your buyer or seller clients through a real estate sale from start to finish.
You will learn how to present offers and submit earnest money. You will read about option periods and all the various disclosures and inspections that should take place during that critical period of the transaction.
And of course, there will be information on the important closing processes that take place in order for the property to change hands from the seller to the buyer.
Case Study Practice
Throughout the Promulgated Contract Forms course, you will get to practice your new knowledge with case studies and scenarios. This is an important step you can take in getting familiar with all the promulgated contracts and addenda you will be expected to use in your real estate career.
See the Curriculum and Get Started
That’s it for the Promulgated Contract Forms overview. You can read over the full, TREC-published course curriculum to get a more comprehensive idea of the exact topics you’ll cover.
Don’t worry. You don’t have to be a lawyer to understand the basics of contract law and how contracts are applied in real estate. Aceable Agent’s Promulgated Contract Forms course can help you feel even more prepared with its interactive contracts that you practice filling out yourself!