Yes, both forms comply with Texas statutory requirements related to disclosure.
The TREC form is essentially a copy of the statutory minimum information required in Section 5.008 of the Texas Property Code. TAR recommends that Texas REALTORS® use the TAR Seller’s Disclosure Notice (TAR 1406), which has added provisions that provide more information for buyers and is designed to serve as a risk-reduction tool for sellers.
Remember, the Seller’s Disclosure Notice is not a contract. The notice should not be part of the contract of the parties and should not be listed as an addendum to the contract.