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22 TAC Standard Contract Form TREC No. 62-0, Seller’s Notice to Buyer of Removal of Contingency Under Addendum for “Back-Up” Contract (NEW)

A new Seller’s Notice to Buyer of Removal of Contingency under Addendum for “Back-Up” Contract has been drafted, which may be used in conjunction with the Addendum.

Se ha redactado una nueva Notificación del vendedor al comprador sobre la eliminación de la contingencia en virtud del anexo para el contrato «de respaldo», que puede utilizarse junto con el anexo.

22 TAC §537.68, Standard Contract Form TREC No. 61-0, Water Notice: Seller’s Disclosure about Groundwater and Surface Water Rights (NEW)

In the Commission’s recent Special-Purpose Review by the Sunset Advisory Commission, Sunset directed the Commission to add language to contract forms to provide prospective buyers with relevant information on groundwater and surface water rights associated with a property.  To that end, a new Water Notice: Seller’s Disclosure About Groundwater and Surface Water Rights has been created.

22 TAC §537.63, Standard Contract Form TREC No. OP-L, Addendum for Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards as Required by Federal Law

The terms “Listing Broker” and “Other Broker” have been replaced with the terms “Seller’s Broker” and “Buyer’s Broker” in the Addendum for Seller’s Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards as Required by Federal Law.

Los términos «corredor de listado» y «otro corredor» han sido sustituidos por los términos «corredor del vendedor» y «corredor del comprador» en el Anexo para la divulgación de información del vendedor sobre pintura a base de plomo y los riesgos de la pintura a base de plomo, tal y como exige la ley federal.

22 TAC §537.43, Standard Contract Form TREC No. 36-10, Addendum for Property Subject to Mandatory Membership in a Property Owners Association

The Addendum for Property Subject to Mandatory Membership in a Property Owners Association has been modified in Paragraph A(2) so that the buyer is not obligated to provide subdivision information to a seller under that provision. Clarifying language is also added to Paragraph C to address any conflicts that may arise. The term “Effective Date” is also capitalized in the form.

22 TAC §537.32, Standard Contract Form TREC No. 25-16, Farm and Ranch Contract

Also, see desciption of changes under 22 TAC §537.28, Standard Contract Form TREC No. 20-18, One to Four Family Residential Contract (Resale).

The terms “Listing Broker” and “Other Broker” have been replaced with the terms “Seller’s Broker” and “Buyer’s Broker” in the Farm and Ranch Contract

Los términos «corredor de listado» y «otro corredor» han sido sustituidos por los términos «corredor del vendedor» y «corredor del comprador» en el Contrato de granjas y ranchos.