TXR 1501
Buyer/Tenant Representation Agreement (Long Form)
Published by Texas REALTORS®
Maximum term
Negotiated
Runs to a definite termination date the parties agree. Section 1101.563 requires the written agreement to carry one, so the field cannot be left open.
The long form, and the primary representation agreement at many Texas brokerages. Signing it makes the buyer your client, with the fiduciary duties that follow.
The 2026 revision dropped “Residential” from the title so the form covers more transaction types, added an optional broker retainer, and updated the language for Senate Bill 17.
Use it when
- You are going to advise, negotiate for, and represent the buyer through closing
- You want compensation terms and exclusivity set out in full
- The relationship is expected to run past a single property
Not for
- Opening a door for someone who has not committed to you. Use TXR 1508.
- A one-page arrangement. Use TXR 1507 instead.
Tracking it
Because the term is negotiated, the end date on a TXR 1501 is whatever someone typed into the form. Nothing else will remind you what that date was. ExactCircle stores the signed PDF, tracks the end date, and emails you 7 days out, 3 days out, and on the day. See the Texas page, or read the guide on how this form works.
Related forms
Common questions
- Does TXR 1501 need a termination date?
- Yes. Section 1101.563 requires the written agreement to state a termination date, along with specific compensation terms and whether the arrangement is exclusive.
- What changed in the 2026 revision?
- The word Residential came out of the title so the form covers more transaction types, an optional broker retainer provision was added, and the language was updated for Senate Bill 17.
This is a plain-language summary, not legal advice. Rules change and local association forms vary. Check with your broker or attorney before you rely on any of it.