Why your seller might need to fill out another disclosure notice

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01/13/2016 | Author: Editorial Staff

A revised seller’s disclosure notice became effective January 1, 2016, due to changes made by the Texas Legislature. If you have current listings with clients who filled out an older version of the notice, it’s a good idea to have them fill out the latest version of the form.

The effective date on the most recent TAR Seller’s Disclosure Notice is January 1, 2016. 

Categories: Legal
Tags: sellers disclosure, forms


Kim Dunbar on 01/19/2016

If the Seller’s Disclosure is for the Seller to fill out (without agent input), why would it ask them about whether or not they are “aware” if they are in a groundwater conservation district?  Most Sellers are not aware.  I know how to find that out.  Most of the area in which I buy and sell is in a conservation district.  But how are my clients supposed to answer?  Do I advise them?

Chip Staniswalis on 01/15/2016

Yes, the only change to the SD has to do with the language about water districts and subsidence. In Amarillo, we can go to our appraisal district, search for the property address and scroll down to County Tax Information. If a property is in a water district, it will be shown here.

Bonnie f Woodell on 01/14/2016

Haven’t read the new sellers disclosure form to learn changes but will make things to do first thing come office Now

Bonnie f Woodell on 01/14/2016

Haven’t read the new sellers disclosure form to learn changes but will make things to do first thing come office Now

Julie Sawyer on 01/14/2016

I’d recommend reviewing the “redline” versions of changed documents on TAR website under “Forms” section.

Jeanette Edwards on 01/13/2016

The only change I see is at the bottom of page 3 -  Addition of question on Groundwater Conservation District or Subsidence District.  Is this the only change?

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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. You should contact your attorney to obtain advice with respect to any particular issue or problem. Applicability of the legal principles discussed in this material may differ substantially in individual situations.

While the Texas Association of REALTORS® has used reasonable efforts in collecting and preparing materials included here, due to the rapidly changing nature of the real estate marketplace and the law, and our reliance on information provided by outside sources, the Texas Association of REALTORS® makes no representation, warranty, or guarantee of the accuracy or reliability of any information provided here or elsewhere on texasrealestate.com. Any legal or other information found here, on texasrealestate.com, or at other sites to which we link, should be verified before it is relied upon.

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