Which seller’s disclosure notice form should I use?
02/10/2017 | Author: TAR Legal Staff
Both TAR and TREC have a seller’s disclosure notice. Can my seller use either form and still be in compliance with the law?
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.
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