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TXR 2302 — Statement of Understanding

This one-page form serves as an annual attestation by a sales associate confirming the key terms of their independent contractor relationship with the sponsoring broker. The associate confirms nine specific conditions including license status, payment of own expenses, commission-only compensation, s

Source: TXR
Form Number: 2302
Category: Other
Revised: August 16, 2007

Used For

Residential Sales, Residential Leases, Commercial Sales, Farm & Ranch, Vacant Land

Form Outline

The TXR 2302 form is organized into the following sections:

  1. Broker and Associate Identification
    Identifies the broker and associate and references the independent contractor agreement between them. Includes a recommendation for annual execution.
  2. Independent Contractor Attestation Items
    Nine attestation items confirm the associate's independent contractor status: license and affiliation status, self-payment of all expenses (license fees, transportation, entertainment), schedule autonomy, commission-only compensation, self-employment tax responsibility, and at-will termination with preserved commission rights.
  3. Associate Signature
    The associate signs and dates the form to attest to all nine items. This is a unilateral attestation — only the associate signs.

How RaiderX Agents Use This Form

When you upload a signed TXR 2302 to a deal in RaiderX's Deal Manager, it reads the form's key dates and terms and automatically builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing. Forms with a fill map also support e-signature directly inside RaiderX, so you can send this document for signature without leaving the platform.

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