New & Retired (TXR)Texas Realtors Forms

Written By Baker Firm

NEW:

Property Condition Statement (TXR 1421)

• New form that allows the seller to disclose the items required in Paragraph 7 of certain contracts, such as the Farm and Ranch Contract (TXR 1701), Unimproved Property Contract (TXR 1607), and New Home Contracts (TXR 1603 & 1604)

• This form may be used in addition to, or in transactions where the seller is not required to provide, the notice described in §5.008 of the Texas Property Code.

Amendment to Farm and Ranch Listing Exclusive Right to Sell (TXR 1422)

New form specifically for use to amend the Farm and Ranch Real Estate Listing Agreement Exclusive Right to Sell (TXR 1201)

Amendment to Residential Listing Exclusive Right to Lease (TXR 1423)

New form specifically for use to amend the Residential Real Estate Listing Agreement Exclusive Right to Lease (TXR 1102)

Amendment to Commercial Listing Agreement (TXR 1424)

New form specifically for use to amend any of the three Commercial Real Estate Listing Agreements (TXR 1301,1302 & 1303)

Previously, Amendment to Listing (TXR 1404) was used to amend any of the Texas REALTORS® listing agreements. Now, due to variations among the listing agreements, each listing agreement will have a unique amendment form.

RETIRED:

Commercial Lease Addendum for Expense Reimbursement (TXR 2103)

This form is being retired as the language in it has been incorporated into the Texas REALTORS® Commercial Lease (TXR 2101).

Compensation Agreement Between Broker and Owner (TXR 2401) Retiring this form will help reduce confusion and encourage the parties to use Paragraph 12 of the contract to negotiate compensation contributions from the other party.

Compensation Agreement Between Brokers (TXR 2402)

• This form is being retired to align with the removal of broker-to-broker compensation from the Residential Real Estate Listing Agreement Exclusive Right to Sell (TXR 1101)

• Retiring this form will help reduce confusion and encourage the parties to use Paragraph 12 of the contract to negotiate compensation contributions from the other party.

Although broker-to-broker compensation is not illegal, it will not be an option in the Texas REALTORS® residential listing agreement.

To read more about these changes visit TexasRealEstate.com

Baker Firm