What distinguishes TREC's promulgated forms from approved forms?

TREC's promulgated forms are distinct in that they are required for use in specific real estate transactions in Texas. These forms have been created and authorized by the Texas Real Estate Commission (TREC) to ensure consistency, compliance with legal standards, and protection for consumers. When real estate professionals engage in transactions covered by these promulgated forms, they must utilize them in order to adhere to regulatory requirements.

In contrast, approved forms, while they may meet certain standards, are not mandatory and can be used at the discretion of the parties involved. This distinction underscores the importance of using promulgated forms in certain transactions, ensuring that they are following the prescribed guidelines set forth by TREC to safeguard both buyers and sellers in the real estate process.