Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

Can a non-license holder access promulgated contract forms?

1. Yes, they are publicly available

2. No, they are restricted to licensed agents

3. Yes, but only in certain situations

4. No, only with a license holder's assistance

The correct answer is: Yes, they are publicly available

The correct answer is that non-license holders can indeed access promulgated contract forms because these forms are made publicly available. In Texas, promulgated forms are designed by the Texas Real Estate Commission (TREC) to facilitate standard transactions in real estate, and they are accessible to anyone who needs to use them, including consumers. This availability promotes transparency and ensures that all participants in a real estate transaction, regardless of their licensing status, have access to the same essential documents. The forms can often be found on TREC's official website and are intended to standardize contracts, thereby helping to protect the interests of all parties involved. This aspect is particularly important in a regulated market like Texas, where ensuring a level playing field is vital for maintaining order and security in real estate dealings. Options indicating restrictions or the requirement of licensure likely stem from a misunderstanding of the purpose of these forms or mistaken assumptions about regulatory access rights. In practice, while licensed agents typically use these forms more frequently due to their professional transactions, it does not limit access to licensed professionals only.