The Texas Real Estate Broker-Lawyer Committee (BLC) met October 13 and continued discussing possible revisions to contract forms and recommended one new form for proposal.
Voluntary Notice to Purchaser of Special Taxing or Assessment District Form
Under Texas law, if a seller’s property is located in a water district, like a municipal utility district (MUD), the seller must provide a notice that includes certain specific information to the buyer prior to execution of the contract.
Water districts are required to post the notice containing the information in this form on the district’s website. However, if the district does not have the notice on its website, the seller can obtain the information from the district and then could use that information to complete this proposed form.
BLC recommends the Commission propose the form for voluntary use at the TREC Meeting on November 6. If proposed, it will be published in the Texas Register and people will have 30 days from publication to provide written public comment about the form.
Where to Find Meeting Materials
The next BLC meeting is January 12 in Austin. The committee will continue its discussion about potential form changes. Meeting materials will be available on TREC's website before the meeting. To provide public comment during the meeting, contact us by 5 p.m. CT on January 11 with the agenda item number you wish to speak on. If you are unable to attend the meeting live, you can email your public comments instead.