RE Agent is also Principal in Transaction - Use of Forms Texas

[Miles Stanley]

I'm currently in the middle of getting my Real Estate Agent license and hope to have it done by end of year.

i was studying my Law of Contracts material and i came across the rule (537.11) that states that agents must use TREC promulgated forms in a transaction unless the license holder (me) is acting SOLELY as principal or the principal (client) requires use of another contract and/or one prepared by an attorney.  

Question is, what if i want to purchase a property for my own portfolio while acting as an agent (i.e. i would be principal AND agent representing myself).  I know i have to disclose this, but what about use of promulgated forms?  Could i still have an attorney-drafted contract if a situation required it or would i still be bound to using a TREC form since i am also acting as an agent?

If this is answered elsewhere or if anyone knows of a blog post or video that addresses this, please share.

I might be overthinking or over-complicating this,.

Thank you,

[Marc Winter]

Transparent disclosure so all parties know what's really happening is the main concern, at least to me.  If you are really having trouble with the decision, contact the Attorney that represents your local or state Board of Realtors(r).