The Texas Real Estate Broker-Lawyer Committee recommended revisions to the contract forms adopted by reference under the amendments and new rule. The changes listed below apply to all contract forms unless specified otherwise. Paragraph numbers referenced are from the One to Four Family Residential Contract (Resale).
In Paragraph 5A(2), a definition of “Legal Holiday” has been added to provide better clarity.
In Paragraph 5 and the receipt page, the terms “option fee,” “earnest money,” and “contract” are now in lower case because they are not considered defined terms.