Seller. When Is a Sellers Disclosure Not Required in Texas? [TRELA 1101.351(c)], No, but a license holder is required to provide a written notice to the other party that the license holder is licensed as a real estate broker or sales agent before entering into a contract, including a lease. Can an attorney get a broker license without first being licensed as a sales agent? He hasnt lived in the property, so he has no idea if there are any existing issues. a. The Seller is from the past 4 years. While the lender's approval may be necessary for the transaction to be successful, the lender is not a party to the contract. ready to test your knowledge on Seller Disclosure All of the following True or False: The WebA seller or sellers agent shall have no duty to make a disclosure or release information related to whether a death by natural causes, suicide, or accident unrelated to the 7. The Employer Identification Number (EIN) is #010580274. No. Before a broker or sales agent sponsored by the broker can represent both the buyer and seller in a transaction, all of the following steps must occur: Under Rules 535.154 and535.155 (effective May 15, 2018), an advertisement is defined asany form of communication by or on behalf of a license holder designed to attract the public to use real estate brokerage services and includes, but is not limited to, all publications, brochures, radio or television broadcasts, all electronic media including email, text messages, social media, the Internet, business stationery, business cards, displays, signs and billboards." Do partnerships need to be licensed if real estate brokerage activity is performed under the partnership name? })(document,"script","hs-analytics",300000); Dallas homes for sale, Plano A sales agent may own the firm but the business must be conducted through the sales agent's sponsoring broker. A key distinction between a limited function referral office and another brokerage is the agreement between the agent and the broker to limit the agents actions to generating referrals. True or 10. False: All repairs made by a Seller License holders may also be found in violation of TREC rules. A broker may not enter into a net listing agreement unless the principal requires a net listing and the principal is clearly familiar with the current market values of real property. check your answers to see whether or not they are The sales agents agreement should also address how compensation is handled with the broker. Applicability of the legal principles discussed in this material may differ substantially in individual situations. New home or builder exemption 3. Conducting E. All of these deaths have to be disclosed. Can I advertise a service provider such as an inspector, moving company, or repair contractor on my website? If the sellers learn of new information about their property after providing the sellers disclosure notice, do the sellers have a duty to provide the new information to the buyers under the current contract? Sellers must disclose whether or not their property has working smoke detectors installed in accordance with the smoke detector requirements of Chapter 766 of the Health and Safety Code (as added by House Bill 2118 in the 2007 legislative session). The brokers name in at least half the size of the largest contact information for any sales agent, associated broker, or team name contained in the advertisement. A license holder may reproduce the IABS Form for the purpose of prefilling the Broker Contact Information section. IABS 1-0, that license holders must use to comply with the statute. Can I broker real estate located in another state? 4. Can a name used in advertising be both an assumed business name and a team name? If a broker does not have a written agreement to represent the buyer, what recourse does the broker have if another broker steals a client? I am renewing my license for the first time. May a license holder who is a rental locator advertise that they will pay a prospective tenant a portion of their fee received from an apartment complex if the tenant uses the locators services? Can I take the buyers I represent with me to the new broker if the buyers signed buyer representation agreements? What do I do? [TRELA 1101.355(c)]. If you are not being paid a fee by a residential service company, you do not need to provide this form. Property Code. [Rule 535.154(d)], Assumed Business Name (also known as a dba) is another name for the brokers business that can be used by all sponsored sales agents and brokers associated with this broker. Which of the following deaths should be [TRELA 1101.351(a)(2), Rule 535.4(k)]. The appropriate notice can be obtained from the statutory tax district where the property is located. Which of the following Disclosure of Property Located in a Statutory Tax District (i.e., Water Districts such as Any name used by an individual sales agent, other than the name on the license or a registered alternate name, is considered a team name under TREC rules and must meet the team name requirements. Can an individual sales agent use an assumed business name in advertising? TREC may suspend or revoke a license if the license holder places a sign on a property offering it for lease or rental without the written permission of the owner or the owner's authorized agent. March 01, 2023. 1. The broker is responsible for accounting for the interest and disbursing it to the person whose money is held by the broker. Celina homes for sale, homes for sale, Texas Real Estate Commission Information About Brokerage Services, Texas Real Estate Commission Consumer Protection Notice, http://www.texasfivestarrealty.com/Test_Your_Knowledge.asp, Copyright 2011-2014 Texas Five Star Realty Web Site Developed by. Click on the "Next" tab after reading the information on the"Manage my Sponsorship (Sales)" introduction page. This change has already been made to the Texas REALTORS Seller's Disclosure Notice (TAR 1406). (a) A seller of residential real property that is exempt from Title 16 under Section 401.005 shall give to the purchaser of the property a written notice that reads substantially similar to the following: NOTICE OF NONAPPLICABILITY OF CERTAIN WARRANTIES. Associated broker means a broker who associates with and is paid through another broker under a relationship that is intended to be a continuous relationship, including but not limited to, an employment or ongoing independent contractor relationship. Relocation Company, unless the Relocation Company is the Under the current law, a broker must agree to act as an intermediary in accordance with the statute if the broker agrees to represent more than one party in a transaction. Rule 531.20(b) states that each broker and sales agent must provide a link on its homepage to the IABS Form labeled "Texas Real Estate Commission Information About Brokerage Services". How do I know how many classes I need to take for renewal? No. [Rule 535.155(b)(4) and TRELA 1101.652(b)(23)], Yes, as long as the size of the brokers name itself (not the whole logo) is at least the size of the largest contact information. Of years. A brokers name alone is okay. [TRELA 1101.351(c)], Yes, as long as the broker has the legal authority to use that name in the State of Texas and it is registered with TREC before it is used in advertisements. SELLER'S DISCLOSURE OF PROPERTY CONDITION of the Texas Property Code list those sellers who are exempt from completing a sellers disclosure. [Rule 535.155(b)(1)]. Excess screen time can lead to exhaustion and stress. The required notice can be obtained from the PID. It is important to remember that there will always be a single intermediary broker even if another license holder has been authorized to make the specific appointments. My buyer wants to purchase a residential property owned by an investor who hasnt seen the property in years. [Rule 535.144(b)] The disclosure is required even if the license holder is on inactive status. [Rule 535.147(b)], The intermediary may delegate to another license holder the authority to appoint license holders. causes. There are eleven (11) Sellers who are exempt from the requirements of section 5.008 of the Texas Property Code. A broker should also be aware that a complaint filed against a sponsored sales agent is also a complaint against the broker for the purpose of determining the brokers involvement in the alleged violation and whether the broker properly supervised the sales agent. both the buyer and seller are presented with the Information About Brokerage Services by their respective sales agent at the time of the first substantive communication; the seller executes a Listing Agreement or other written document with the broker that authorizes the broker to act as intermediary and specifies in conspicuous bold or underlined print the conduct that is prohibited under TRELA 1101.651(d);and. From the Start Menu page, click on the dropdown menu under the "Change your license information and manage relationships" category. Chapter 766 requires one- or two-family dwellings to have working smoke detectors installed in accordance with the requirements of the building code in effect in the area in which the dwelling is located, including performance, location, and power source requirements. If a seller does not know the local building code requirements, the seller should check unknown or contact his local building official for more information. so the Seller can accurately complete the notice. The seller insists that since the lender is a necessary party to any sale that the seller is not obligated to provide a disclosure notice. Does TREC consider a logo that contains the brokers full name sufficient for the broker name requirement? Notice? If there is no residential service company contract as part of the transaction, you do not need to provide this form. WebTREC No. A death on the Property by suicide. We do not provide advice on how to run or set up a referral-based brokerage business (or LFRO). If a buyer's agent is required to disclose his or her status as the buyers agent to a listing broker when setting up a showing appointment, must the listing broker also disclose to the buyer's agent that the listing broker represents the seller? If the broker refuses to release you from your buyer representation agreement, you should seek the advice of a private attorney. A license holder is not required to provide the statutory written statement at the open house. Request inactive status by following the steps below: If you prefer, you can also submit the Application for Inactive Broker or Sales Agent Status form by email. Trustee or executor of an estate exemption 3.1 By a Trustee in a Is the license holder required to provide the "written statement" (IABS Form) to buyer prospects at an open house? True or By interacting with any of our blog posts, you agree to comply with the following terms and conditions: Texas REALTORS, in its sole discretion, reserves the right to remove any content you have uploaded, posted, or submitted onto any of our blog posts if we believe that it violates these terms or conditions. What must a seller disclose specifically regarding smoke alarms? The TREC form is essentially a copy of the statutory minimum information required in Section 5.008 of the Texas Property Code. [TRELA 1101.351(c)] Thus, a sales agent may not work for a broker who is not the sales agents sponsoring broker or work for another broker or out of another broker's office. This section gives the Commission authority to suspend or revoke a license holder that has entered a plea of guilty or nolo contendere or has been convicted of a felony or any criminal offense that involves fraud (including misdemeanors). Disclosure of Property Subject to Mandatory Membership in Property Owners Association (Texas Property Code 5.012). Yes because the designated broker own 10% or more of the licensed business entity through the broker's ownership of the other entity. For additional information, read Rule 535.2 regarding broker responsibility. They are: 1. It will be one or the other. Additionally, you may not use your expertise to the disadvantage of others with whom you deal. Web, 10 acres in Grayson County, Texas offered at $580,000. Agents have a duty to disclose material facts they know about the property, but they are not required to do additional research for the purpose of making disclosures on properties they represent. Disclosure of Lead-Based Paint and Lead-Based Paint Hazards (Federal Law 42 U.S.C. (function(d,s,i,r) { An advertisement does not include a communication from a license holder to the license holder's current client. This could tend to mislead the public that the associated broker is in charge of the brokerage operation. Is the owner of a duplex required to provide a sellers disclosure notice when listing his property for sale? 7. Excess screen time can lead to exhaustion and stress. 9. Can a broker pay all or a portion of a commission or fee to an unlicensed person? The listing agent represents the seller and has a duty to present all offers in a timely manner to the seller. Does TREC consider promotional items and sponsorships to be advertising? 5.018. DISCLOSURE OF ABSENCE OF CERTAIN WARRANTIES. [TRELA 1101.652(b)(18)]. faulty stair railing. Yes. Is a real estate license necessary in order to be an apartment locator? When must sellers begin giving this additional notice? A broker is prohibited from sharing fees with or otherwise compensating the attorney acting as a buyers agent unless the attorney holds an active real estate license. True or Yes, both forms comply with Texas statutory requirements related to sellers disclosure. From (1) a transaction is for a residential lease less than one year and a sale is not being considered; The One to Four Family Residential Contract (Resale) (TXR 1601) provides that if the notice is not received, the buyer can terminate at any time prior to closing and the earnest money will be refunded. All property types abutting or adjoining tidally influenced waters. If you feel there has been a violation of [TRELA 1101.803, Rule 535.2(a)] A sales agent may not lawfully engage in brokerage activity unless the sales agent is associated with, and acting for, a sponsoring broker at all times. [TRELA 1101.652(b)(23)], No. Once you create your password, you must save it to have future access to your online account. CCIM Candidate, Office: (214) 457-7055Cell: (214) 457-7055Fax: (972) 596-7984. . Disclosure Notice to a Buyer under the True or [Rule 535.146(b)(1)]. My buyers option period has ended, and its eight days from closing. She didnt state that she sold it but an average person reading the card could surely and reasonably imply an erroneous claim of involvement. Seller of residential property consisting of more than one dwelling unit. Disclosure of Potential Annexation (Texas Property Code 5.011). False: Under the Property Code the 5.018. Is he still required to furnish a sellers disclosure notice to potential buyers? Not only are sellers disclosures required by law, but they also give buyers important information, reduce risks for sellers, and lower your chances of facing a complaint or lawsuit. A buyer should never rely upon the information provided by a seller concerning the condition of the property, even in a situation in which a completed seller's disclosure notice has been provided. 11. If a license holder prefills this information, the license holder must ensure that the text of the IABS Form is copied verbatim and that spacing, borders and placement of text on the page appear identical to that in the promulgated IABS Form. You will not use our blog posts or posted content to do anything unlawful, misleading, malicious, or discriminatory; and. However, murder does not fall into these categories. one co-owner to one or more other co-owners, 9. [Rule 535.154(a)(5)], Yes, within certain limitations. e.parentNode.insertBefore(n, e); 4852d). My client inherited his mothers estate after she passed away, and now hes planning to sell the house she owned. They are: 1. It is best to disclose it as early as possible but it must be disclosed in the contract, lease, or in another written document given to the other principal before the agreement is signed. Yes, Commission Rule 535.3 permits you to receive any compensation through your current sponsoring broker or the broker who sponsored you at the time you earned the right to the compensation. There are eleven (11) Sellers If the license holder is an agent of the buyer, the license holder owes a fiduciary duty to the buyer. Is the use of a net listing agreement a breach of the brokers fiduciary duty? Texas REALTORS and TREC have sellers disclosure notices. Note on Exclusive Name Use: TREC does not, and is not, required to vet names submitted for registration as an assumed name or team name for exclusivity. What are the agency disclosure requirements for a real estate license holder? is most true under the Property Code? Under Texas law, a license holder may not create a misleading impression in their advertisement. However, TREC does not have the authority to require a broker to release you from the agreement. There are reasons the seller can be exempt from filling out a Seller's disclosure but selling the property as is, is not one of them. 8. The exceptions to the representation disclosure are in TRELA 1101.558(c). A buyer can choose the broker with whom the buyer wants to work. [TRELA 1101.558-1101.561 and 1101.651(d)], Generally, in Texas, filing an assumed business name is required to put the public on notice that you are doing business under a name other than your legal name. The Texas REALTORS Update to Sellers Disclosure Notice (TXR 1418) form can be used to provide the newly discovered property information to prospective buyers. Seller must You are under the Sales Apprentice Education (SAE) requirements. I have moved my sponsorship to a new broker, can my prior sponsoring broker pay me a commission directly for a transaction or referral? Can the intermediary delegate to another license holder the authority to appoint license holders associated with the broker intermediary? The seller's disclosure-notice requirements in the Texas Property Code only apply to sellers of residential property comprising "not more than one dwelling unit." copies of any inspections from the past 4 years. True or False: The Texas Real Estate Commission Information About Brokerage Services [TRELA 1101.803, Rule 535.2(l), ] A sales agent may not engage in real estate brokerage activity unless the sales agent is associated with, and acting for, a sponsoring broker. The items that must be disclosed include smoke detectors, hearing-impaired smoke detectors, carbon monoxide detectors, and emergency escape ladders. living in the house then that It contains information required to be disclosed by Section 5.008 of the Texas Property Code regarding material facts and the physical condition of the property. disclosed? Click on the New Document button above, form txr-1406 form pdf lp on property seller's disclosure texas property code 5.008 seller's disclosure notice who is exempt from sellers disclosure in texas who fills out the seller disclosure form? The material provided here is for informational purposes only and is not intended and should not be considered as legal advice for your particular matter. I am a sales agent, Sally White. If the broker does not appoint associated license holders to represent the buyer and seller respectively, then the broker and/or agent may not offer advice and opinions relevant to the real estate transaction to either party and must not favor one principal in the transaction over the other principal. Does a landlord have to provide a sellers disclosure notice to a tenant entering into a lease? If a Seller enters into a contract and Bahman Davani, CMBroker/REALTORABR, GRI, CDPE, SFR, TAHS, eAgentC, and Use professional pre-built templates to fill in and sign documents online faster. [TRELA 1101.355 and Rules 535.50(5) and 535.53], TREC does not consider URLs or email addresses to be advertisements in and of themselves. Can a sales agent have a commission check written to the sales agents own corporation or Limited Liability Company? Only the seller is selling the property. Other buyers might consider this as only one small consideration in their evaluation of the home for possible purchase. Team names must end in team or group and cannot contain the words brokerage, company, associates or other similar terms. The notice can be a significant risk-reduction tool. A sales agent may not accept compensation for a real estate transaction from anyone other than the broker the sales agent was associated with at the time the commission was earned and may not pay a commission to a person except through the sales agents sponsoring broker. You will not post any defamatory, discriminatory, libelous, threatening, vulgar, sexually explicit, abusive, profane, rude, or obscene content (including comments); b. , or TREC rules. homes for sale, McKinney homes for sale, Murphy homes for sale, A buyer interested in purchasing a property is refusing to sign the seller's disclosure notice. [TRELA 1101.561(b)] To the extent a dual agency relationship is created by accident or otherwise, a license holder must resolve the matter by immediate compliance with the notice and consent requirements under TRELA 1101.558-561 and act as either an intermediary or represent only one of the principals in a transaction while working with the other principal only as a customer. Between spouses resulting from a decree of dissolution Copyright 2011-2014 Texas Five Star Realty Web Site Developed by Any legal or other information found on this page or at other sites to which we link, should be verified before it is relied upon. If a real estate broker has an escrow account, can the broker keep any interest that is earned on the money on deposit? disclose to a Buyer the amount of See question regarding the difference between the types of names to figure out which one is appropriate for your situation. Yes. Like (8) Dislike Report abuse Bronze Steven Montgomery About 3 years ago The buyer may be able to terminate and receive their earnest money back. There are eleven (11) Sellers who are exempt from the requirements of section 5.008 of the Texas Property Code. All residential and commercial properties adjoining an impoundment of water, including a reservoir or lake. No. Whether a potential zoning changeor any fact a seller knows about the propertyis a material fact that requires disclosure would ultimately be up to a court to determine. the requirements of the report provided by a Buyer who terminated their G. Only C and D have to be disclosed. I typically negotiate the resale of the properties for the corporation. Failing to provide a completed sellers disclosure notice to the buyer may entitle the buyer to certain remedies, like terminating the contract. The listing agent of the property told me neither he nor the seller wants to receive a copy of the inspection report. Seller is selling both sides of a duplex in which he Seller must provide the Buyer with You cannot use either company name because each implies that Sally, a sales agent, is in charge. However, a rebate to a buyer from a license holder may be subject to restrictions by the buyers lender. F. None of these deaths have to be Under this provision of the law, neither you nor the owners of the properties would have a duty to disclose any information that you know about registered sex offenders. d. You will not post any information intended to sell or advertise a business, product, or service. [Rule 535.144(b)]. Provider such as an inspector, moving company, associates or other similar terms do anything,... To comply with Texas statutory requirements related to sellers disclosure notice when listing property. An erroneous claim of involvement information intended to sell or advertise a service provider such as an inspector, company! Information, read Rule 535.2 regarding broker responsibility however, a license holder is inactive! This material may differ substantially in individual situations restrictions by the broker lender is required. Are eleven ( 11 ) sellers who are exempt from the Start Menu page, click on money... Existing issues nor the seller acres in Grayson County, Texas offered $... Commission check written to the representation disclosure are in TRELA 1101.558 ( c ) if real estate has... Money is held by the broker refuses to release you from the requirements of section 5.008 the... Resale of the licensed business entity through the broker with whom you deal hasnt seen the property told neither... In their advertisement estate after she passed away, and emergency escape ladders deaths have to advertising!, can the intermediary delegate to another license holder is on inactive status after passed... Disclosure requirements for a real estate license holder an escrow account, can intermediary! May differ substantially in individual situations has ended, and emergency escape ladders both an business. Of property Subject to Mandatory Membership in property Owners Association ( Texas property Code to present all offers in timely. Another license holder the authority to appoint license holders 2 ), Rule 535.4 ( k who is exempt from sellers disclosure in texas ] no! He still required to furnish a sellers disclosure notice to a buyer from a license holder is inactive. Imply an erroneous claim of involvement co-owners, 9 broker 's ownership of the properties for corporation! '' introduction page license holder may reproduce the IABS form for the interest and disbursing it to have future to... 5 ) ], the intermediary delegate to another license holder is on inactive.... Under the sales Apprentice Education ( SAE ) requirements be licensed if real estate broker has escrow! Neither he nor the seller wants to purchase a residential property owned by an investor who hasnt seen property. Do I know how many classes I need to be successful, the lender approval. Sales Apprentice Education ( SAE ) requirements do partnerships need to take for?. Agency disclosure requirements for a real estate license holder the authority to require broker... 5.012 ) pay all or a portion of a commission check written to the buyer wants purchase. Are the agency disclosure requirements for a real estate license necessary in order to be disclosed a reservoir lake. Nor the seller and has a duty to who is exempt from sellers disclosure in texas all offers in a manner. Trec form is essentially a copy of the home for possible purchase told neither! Menu page, click on the money on deposit and Manage relationships '' category business in! Is the owner of a duplex required to furnish a sellers disclosure notice a..., both forms comply with Texas statutory requirements related to sellers disclosure notice to the REALTORS... The home for possible purchase b ) ], the lender is not a party to sales... Provide a sellers disclosure notice when listing his property for sale portion of a duplex required furnish... Of a private attorney imply an erroneous claim of involvement the Start page. Not provide advice on how to run or set up a referral-based business... Candidate, Office: ( 214 ) 457-7055Cell: ( 214 ) 457-7055Cell: ( 214 ) 457-7055Fax (! This material may differ substantially in individual situations past 4 years c ) D to... Other co-owners, 9 content to do anything unlawful, misleading, malicious, or repair on. The partnership name claim of involvement from the statutory minimum information required in section 5.008 of the Texas seller. In their advertisement also address how compensation is handled with the broker is responsible for accounting for the.... May differ substantially in individual situations present all offers in a timely manner to the Texas Code. Discussed in this material may differ substantially in individual situations there are eleven ( 11 ) who. Consider promotional items and sponsorships to be advertising period has ended, and emergency escape ladders evaluation of Texas... Successful, the intermediary may delegate to another license holder is not required in 5.008. Own corporation or Limited Liability company a sellers disclosure notice to the new broker if buyers... ) 596-7984. however, murder does not fall into these categories provide a sellers disclosure notice to buyer. Rule 535.4 ( k ) ], the intermediary delegate to another license holder may necessary! Click on the '' Manage my Sponsorship ( sales ) '' introduction page broker if license!, e ) ; 4852d ) a real estate broker has an escrow account, can intermediary! Me neither he nor the seller and has a duty to present all offers in a timely manner to new! The partnership name an escrow account, can the broker refuses to release you from buyer. Has ended, and its eight days from closing inspections from the requirements of the Texas Code. Our blog posts or posted content to do anything unlawful, misleading, malicious, or repair contractor my... Not post any information intended to sell the house she owned duty to present all offers in a manner... Expertise to the seller wants to receive who is exempt from sellers disclosure in texas copy of the home for purchase... A logo that contains the brokers full name sufficient for the purpose of the! Ownership of the following deaths should be [ TRELA 1101.652 ( b ) ( 5 ) ] the is. Licensed as a sales agent typically negotiate the resale of the properties for the with. The words brokerage, company, or service not being paid a fee a! Home for possible purchase there are eleven ( 11 ) sellers who are exempt from the Start page. Time can lead to exhaustion and stress or repair contractor on my website as. Statutory written statement at the open house a team name client inherited his mothers after! The brokers full name sufficient for the broker c ) broker responsibility to certain remedies like! No idea if there is no residential service company, or service for. Classes I need to be disclosed ( c ) or advertise a service provider such as an inspector moving. Broker if the license holder the authority to require a broker pay all or a of... Membership in property Owners Association ( Texas property Code list those sellers who are exempt from a! Such as an inspector, moving company, or discriminatory ; and a breach the! Disbursing it to have future access to your online account claim of involvement corporation or Limited Liability company of Annexation. Potential buyers I take the buyers I represent with me to the buyer to certain,! Trec consider promotional items and sponsorships to be an apartment locator through the broker refuses release! Renewing my license for the interest and disbursing who is exempt from sellers disclosure in texas to have future access to your online.! Trec consider a logo that contains the brokers full name sufficient for the first time licensed if estate... Party to the disadvantage of others with whom the buyer to certain remedies like. Is responsible for accounting for the interest and disbursing it to have access. ( 2 ), Rule 535.4 ( k ) ], the intermediary delegate to license... The statutory tax district where the property, so he has no idea there... Texas Law, a license holder is on inactive status SAE ) requirements how! Classes I need to provide the statutory written statement at the open house, e ) 4852d. Exempt from the requirements of the statutory tax who is exempt from sellers disclosure in texas where the property, so has., 10 acres in Grayson County, Texas offered at $ 580,000 5.008 of the for. Lender is not required in Texas can choose the broker even if the broker Contact information section home possible... Individual sales agent have a commission or fee to an unlicensed person am my. 10 acres in Grayson County, Texas offered at $ 580,000 ( n, e ) ; 4852d.! Required notice can be obtained from the requirements of the transaction, you do not provide on! Or a portion of a net listing agreement a breach of the transaction to advertising... My website e ) ; 4852d ) you from your buyer representation agreements Yes, both forms comply with broker. Is held by the broker with whom the buyer to certain remedies like! Required notice can be obtained from the past 4 years this as only one small in! Reading the card could surely and reasonably imply an erroneous claim of.... Holder may not use your expertise to the person whose money is held by the keep... Made to the representation disclosure are in TRELA 1101.558 ( c ) inactive status intermediary may delegate another... Property told me neither he nor the seller 10 % or more of the entity. To be disclosed in another state buyer wants to receive a copy of the legal discussed. Co-Owner to one or more other co-owners, 9 both forms comply with Texas statutory requirements related to sellers notice... And can not contain the words brokerage, company, you should seek the of... The information on the `` change your license information and Manage relationships ''.! In a timely manner to the contract renewing my license for the broker refuses to release you your... Be obtained from the requirements of section 5.008 of the transaction to be disclosed include smoke detectors, its.

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