The Texas Real Estate Commission prohibits a license holder from using a sales contract drafted by
A) by the broker.
B) an attorney.
C) the seller.
D) the buyer.
Answer: A) by the broker.
Either buyer or seller can draw up their own contractual agreement; however, a licensee that draws up a contractual agreement for one or both parties is in violation of TRELA and TREC and is guilty of the Unauthorized Practice of Law.
You might also like to view...
A__________is a business structure of interdependent organizations that reaches from the point of production to the consumer and facilitates the downstream physical movement of goods through the supply chain
Fill in the blanks with correct word.
A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. While doing so, the Cash balance can be taken from the ________
A) operational budget B) budgeted income statement C) cash budget D) sales budget