Final answer:
The statement about the mandatory use of a standard contract for deed form in Texas by all licensees is false. Licensees are not legally obligated to use the promulgated forms, but these are recommended for standard transactions.
Step-by-step explanation:
The statement that there is a standard promulgated contract for deed form in Texas that every licensee is required by law to use is false. In Texas, while there are recommended forms created by the Texas Real Estate Commission (TREC) for various real estate transactions to ensure consistency and compliance with Texas law, it's not mandatory for all licensees to use these forms.
Real estate transactions, including those involving a contract for deed, can use other forms as long as the legal requirements are met.