What is the primary purpose of the Broker-Lawyer Committee?

The primary purpose of the Broker-Lawyer Committee is to draft and revise contract forms used by real estate license holders. This committee, which operates under the Texas Real Estate Commission, is composed of both licensed real estate brokers and attorneys, which ensures that the contract forms are both practical for real estate professionals and compliant with the law. This focus on creating standard, legally sound documents helps protect consumers and promote fair transactions in the real estate market. The work of this committee is fundamental in facilitating efficient and secure real estate dealings by providing reliable forms that can be utilized across various transactions, ensuring consistency and legal integrity within the industry.