Preview the TXR Drafts, Redlines, Updated and NEW Forms 

Dear Realtors,

The reality of real estate is rapidly approaching. Below, you'll find links to the TXR Drafts, Redlines, Updated and NEW Forms. The sooner we grasp the changes and understand the use of these forms, the smoother the transition will be for all. Although this change may seem overwhelming, remember that we're simply adjusting our Mindset, Process, and Conversations with clients.

Having been in real estate for 40 years, I've seen many challenges, and I'm confident we will navigate this one as well. However, we must be willing, able, and ready for the changes. I encourage you to familiarize yourself with the forms and signup for any upcoming classes or training sessions.

All Respect and Success,

Chuck

TXR's Statement

To comply with NAR’s upcoming MLS rules changes, the Texas REALTORS® Legal Department and Residential Forms Task Force updated 16 forms and created 3 new ones. While the forms will not be available for use until June 24, drafts are available for review.

All MLSs must be in compliance with NAR’s rule changes by August 17. Making the forms available June 24 will allow you to use them while MLSs are transitioning their platforms. Any updated and new forms can be used with an MLS that has not changed its rules or fields.

Preview the NEW TXR Forms

1. TXR 1507 Residential Buyer/Tenant Representation Agreement – Short Form. A one-page version of TXR 1501, this form can be used for full or showing service only representation of a buyer or tenant in residential transactions.
2. TXR 2406 Addendum Regarding Broker Compensation. This form is designed to be used as an addendum to the TREC residential contracts (except the Farm and Ranch Contract) to record payment of buyer’s broker’s fees, including from a seller.
3. TXR 2701 Amendment to Representation Agreement (temporary). This amendment can be used with listing and buyer/tenant representation agreements to allow brokers under a current representation agreement to meet the requirements of the NAR settlement—including the required disclosures and authorizations—that are required beginning August 17. This form is temporary and will be pulled down at the appropriate time.

Preview the Drafts, Redlines and Updated TXR Forms

1. TXR 1101 Residential Real Estate Listing Agreement, Exclusive Right to Sell
2. TXR 1102 Residential Real Estate Listing Agreement, Exclusive Right to Lease
3. TXR 1201 Farm and Ranch Real Estate Listing Agreement, Exclusive Right to Sell
4. TXR 1402 Named Exclusions Addendum to Listing
5. TXR 1403 Exclusive Agency Addendum to Listing
6. TXR 1404 Amendment to Listing
7. TXR 1412 Seller’s Authorization to Disclose and Advertise Certain Information (updated name)
8. TXR 1417 Representation Disclosure
9. TXR 1501 Residential Buyer/Tenant Representation Agreement – Long Form (updated name)
10. TXR 1505 Amendment to Buyer/Tenant Representation Agreement
11. TXR 1506 General Information and Notice to Buyers and Sellers
12. TXR 2201 Residential Leasing and Property Management Agreement
13. TXR 2301 Independent Contractor Agreement for Sales Associate
14. TXR 2401 Compensation Agreement Between Broker and Owner (updated name)
15. TXR 2402 Compensation Agreement Between Brokers (updated name)
16. TXR 2405 Referral Agreement Between Brokers

*NOTE - Information sourced from the Texas Realtors Association - Texas REALTORS®

*Compliments - PRG Realtors of Texas

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