New and Revised Forms Available for Your Review
Review the drafts, get trained, and be ready for the upcoming changes.
To keep up with NAR’s new MLS rule changes, the Texas REALTORS® Legal Department and Residential Forms Task Force have been hard at work updating 16 forms and creating 3 brand-new ones. These forms will be ready for you to use starting June 24. But you don’t have to wait. Drafts are available now for you to review.
Get Trained: Visit MyMetroTex.com/events for training on these new and updated forms.
Updated Forms:
These forms are dynamic, so expect ongoing revisions.
- TXR 1101: Residential Real Estate Listing Agreement, Exclusive Right to Sell
- TXR 1102: Residential Real Estate Listing Agreement, Exclusive Right to Lease
- TXR 1201: Farm and Ranch Real Estate Listing Agreement, Exclusive Right to Sell
- TXR 1402: Named Exclusions Addendum to Listing
- TXR 1403: Exclusive Agency Addendum to Listing
- TXR 1404: Amendment to Listing
- TXR 1412: Seller’s Authorization to Disclose and Advertise Certain Information (updated name)
- TXR 1417: Representation Disclosure
- TXR 1501: Residential Buyer/Tenant Representation Agreement – Long Form (updated name)
- TXR 1505: Amendment to Buyer/Tenant Representation Agreement
- TXR 1506: General Information and Notice to Buyers and Sellers
- TXR 2201: Residential Leasing and Property Management Agreement
- TXR 2301: Independent Contractor Agreement for Sales Associate
- TXR 2401: Compensation Agreement Between Broker and Owner (updated name)
- TXR 2402: Compensation Agreement Between Brokers (updated name)
- TXR 2405: Referral Agreement Between Brokers
View drafts of the updated forms here.
New Forms:
- TXR 1507: Residential Buyer/Tenant Representation Agreement – Short Form
- A one-page version of TXR 1501 for full or showing service only representation of a buyer or tenant in residential transactions.
- TXR 2406: Addendum Regarding Broker Compensation
- An addendum to the TREC residential contracts (except the Farm and Ranch Contract) to record payment of the buyer’s broker’s fees, including from a seller.
- TXR 2701: Amendment to Representation Agreement (temporary)
- Used with listing and buyer/tenant representation agreements to allow brokers under a current representation agreement to meet NAR settlement requirements, including required disclosures and authorizations, effective August 17. This form is temporary and will be removed at the appropriate time.
View drafts of the new forms here.
All MLSs must comply with NAR’s new rule changes by August 17. The forms will be available starting June 24, giving you a head start on the transition. You can use the updated and new forms even with MLSs that haven’t yet changed their rules or fields.
Stay ahead of the curve. Review the drafts, get trained, and be ready for the upcoming changes.