Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago, 10/22/2018

User Stats

226
Posts
53
Votes
Miles Stanley
Pro Member
  • Realtor
  • Schertz, TX
53
Votes |
226
Posts

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

Miles Stanley
Pro Member
  • Realtor
  • Schertz, TX
Posted

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,

  • Miles Stanley
  • [email protected]
  • (210) 279-5133
  • Loading replies...