Question

Is a real estate broker in Texas allowed to accept a listing that will be sold "as is?"

A) Yes, as long as the broker uses his company's "as is" boilerplate clause.
B) Yes, the TREC-promulgated contract contains an "as is" clause.
C) No, it is a violation of DPTA.
D) No, it is a violation of DPTA and TRELA.

Answer 1

Yes, a real estate broker in Texas is allowed to accept a listing that will be sold "as is" based on TREC-promulgated contract.

Step-by-step explanation:

In Texas, a real estate broker is allowed to accept a listing that will be sold "as is." The correct answer is B) Yes, the TREC-promulgated contract contains an "as is" clause. The Texas Real Estate Commission (TREC) provides a standardized contract for real estate transactions, which includes an "as is" clause that allows the property to be sold without any warranties or guarantees.