What should licensees include when filling out the TREC contract forms?

When filling out the Texas Real Estate Commission (TREC) contract forms, it is essential for licensees to include factual and truthful information. This is critical because the validity and enforceability of a contract rely heavily on the accuracy of the data provided. Misrepresentation, whether intentional or accidental, can lead to serious legal consequences, including the potential for contract disputes or liability claims.

Additionally, using factual information ensures that all parties involved have a clear understanding of what is being agreed upon, fostering transparency and trust in the transaction process. It also adheres to the ethical standards and legal obligations that real estate professionals must uphold in their dealings, ensuring compliance with state regulations and promoting fair practices.

In contrast, including opinions, fictional information, or speculations would not only compromise the integrity of the contract but could also mislead one or more parties, leading to future complications. Thus, the requirement for factual and truthful information is paramount in maintaining the professionalism and legal standing of the real estate transaction.