A real estate licensee should never put a factual statement or business detail in paragraph 11 of the TREC-promulgated contract.
TREC does not publish forms for commercial property, residential leases, listing or buyer representation agreements, or property management contracts (other than temporary residential leases used in connection with a sale)
In transactions when the licensee is acting exclusively as a principal and not as an agent, one of the situations where a licensee is exempt from using a TREC-promulgated contract form is when the licensee is acting as a principal.
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