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(a) The commission shall suspend or revoke the license or certificate of registration of a license or certificate holder who is not a licensed attorney in this state and who, for consideration, a reward, or a pecuniary benefit, present or anticipated, direct or indirect, or in connection with the person’s employment, agency, or fiduciary relationship as a license or certificate holder:
(1) drafts an instrument,
other than a form described by Section 1101.155, that transfers or otherwise affects an interest in real property; or(2) advises a person regarding the validity or legal sufficiency of an instrument or the validity of title to real property.

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    What is the name of the form that most sellers must use to disclose that a property meets Texas property Code?Who needs to complete a disclosure notice in Texas?When should the buyer receive the seller’s disclosure quizlet?Which of the following is a TREC

When representing a buyer, seller, landlord, tenant, or other client as an agent, REALTORS® pledge themselves to protect and promote the interests of their client. This obligation to the client is primary, “but it does
not relieve REALTORS® of their obligation to treat all parties honestly.” “When serving a buyer, seller, landlord, tenant or other party in a non-agency capacity, REALTORS® remain obligated to treat all parties honestly.”

22.04 Participants shall not solicit a listing which is currently listed exclusively with another Participant. However, if the Listing Participant, when asked by another Participant, refuses to disclose the expiration date and nature of such
listing, i.e., an exclusive right to sell, an exclusive agency, or other form of contractual agreement between the Listing Participant and the owner, the Other Participant may contact the owner to secure such information and may discuss the terms upon which the Other Participant might take a future listing or, alternatively, may take a listing to become effective upon expiration of any existing exclusive listing.

Buyers may not buy stigmatized property
because of something that happened there, rather than a property condition. Some of the things that may stigmatize a property are meth labs, drugs, homeless occupants, murder, crime, death in a property, ghosts, ethnic rituals or beliefs, etc. Many times the property sells, but a lower than market value price.

Notwithstanding other law, a license holder is not required to inquire about, disclose, or release information relating to whether:
(1) a
previous or current occupant of real property had, may have had, has, or may have AIDS, an HIV-related illness, or an HIV infection as defined by the Centers for Disease Control and Prevention of the United States Public Health Service; or(2) a death occurred on a property by natural causes, suicide, or accident unrelated to the condition of the property.

Texas law also says that neither the seller nor the license holder has any duty to disclose registered sex offenders.

1. McNulty v. Chip, 116 A.3d 173 (R.I. 2015)
2. Prejean v. Estate of Monteiro, No. 2015 CA 0197, 2015 WL 5515763 (La. Ct. App. Sept. 18, 2015)
3. Hall v. Hall, 380 Mont. 224 (2015)
4. PH West Dover Properties v. Lalancette Eng’rs, No. 13-157, 2015 VT 48, 2015 Vt. LEXIS 28 (Vt. Mar. 20, 2015)
5. Zodiac Constr. v. Stewart Title Guar. Co, No. 2013-CV-030701, 2015 WL 4768757 (Colo. Dist. Ct. Apr. 24, 2015)
6. Graybill v. Big Bear Municipal Water Dist., No.
CIVDS-10-13074, 2015 WL 6446299 (Cal. Super. Ct. Mar. 24, 2015)

Sets with similar terms

What kind of neighborhood is this?

To answer this question, you can state factual things (it’s less than a mile from the elementary school), but be careful not to discuss protected classes. Race, sex, color, religion, national origin, familial status, or disabilities are protected by the Fair Housing Act and should not be discussed or you will face the potential of losing your license.

If the client is adamant that you provide them with information about the makeup of
protected classes in a neighborhood, you need to remind them that it would be illegal for you to do so.

Access to a larger marketplace.

Traditional agents frequently limit their search of properties to those properties in which the broker’s commission is protected. Thus, they limit their search to properties listed in-house or in the MLS. The buyer’s agent whose guarantee of commission is protected, although not necessarily paid, by a buyer-client, is motivated to show the buyer all available properties that meet the stated requirements, including open listings and
for-sale-by-owner properties.

The winning consumer can recover her economic damages, attorney, fees, and court costs.

The plaintiff may receive no more than three times the economic damages for mental anguish if the act was performed knowingly.

The judge or jury can also award an amount in excess of the costs for mental anguish if the act was performed knowingly or intentionally.

FALSE: If the act was committed intentionally, the plaintiff may receive no more than twice the amount for economic
damages and mental anguish.

What is the name of the form that most sellers must use to disclose that a property meets Texas property Code?

Seller’s Disclosure Notice | TREC.

Who needs to complete a disclosure notice in Texas?

The Texas Property Code requires that most home sellers fill out a Seller’s Disclosure form. The purpose of the form is to disclose any issues with the house you are selling that you are aware of and give the potential buyers information and a historical account of your home.

When should the buyer receive the seller’s disclosure quizlet?

The buyer should receive this disclosure before or the time of putting in an offer. – The home is new construction, and no one has ever occupied it.

Which of the following is a TREC

Which of the following is a TREC-promulgated form? Addendum for Sale of Other Property by Buyer. The Addendum for Sale of Other Property by Buyer is a TREC-promulgated addendum; the other choices are either TREC approved forms or TAR forms.
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