Hi, welcome to Real Estate Real Answers. I'm Kyle Favi. Today's question comes from the viewer Robert. He asks, "When I fill out a seller's disclosure, what am I responsible for? What am I on the hook for?" That's a great question, and today we're going to answer that for you. When you're selling your home, you're going to be required to fill out the seller's disclosure. You have to answer each question honestly and to the best of your knowledge. Some questions are pretty easy, like "Does the home have a dishwasher?" or "Does the home have AC?" Other questions are not so easy, like "Are you aware of any malfunctions or defects with the electrical systems?" or "Are you aware of any wood rot on the property?" As a seller, you're required to disclose any known defects about your home. Now, if something was broken and you fixed it, it's no longer a defect, and you don't have to disclose that unless you're asked a specific question about a previous repair, like "Are you aware of any previous repairs to the roof?" If you knowingly mislead or misrepresent the condition of your home to a buyer, you could be committing fraud, and the buyer could sue you for actual or potential damages. The real question I think that Robert is driving at, which is a little bit different, is what if you're missing something? What if the buyer, after they move in, finds something really wrong with the home that you had no idea about? What is your risk or liability or responsibility in that case? Before we go any further, I want to make sure that you understand that I am NOT a lawyer. I'm a real estate agent who's trying to help sellers like you understand everything they can about...
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Sellers disclosure texas 2024-2025 Form: What You Should Know
You must notify the seller by using the seller's disclosure notice under the Texas Real Estate Law (TR ELA). Seller's Disclosure Notice — TREC — Texas.gov. April 01, 2022. Apr 1, 2025 — Your Forms: Update to Seller's Disclosure Notice. Your Disclosure Notice — May 2018. April 1, 2025 — Your Forms: Update to Seller's Disclosure Notice. Seller's Disclosure Notice — June 2018. TR ELA also requires sellers of all units in a single family residence to include the following information on the disclosure form: TR ELA — REALTORS Seller's Disclosure Notice APPROVED BY THE TEXAS REAL ESTATE COMMISSION (TR ELA) — TREE Seller's Disclosure Notice — TREC — Texas.gov. TR ELA Seller's Disclosure, by a licensed real estate broker or other licensed representative of the seller, shall be made under this Section for every sale made after the effective date of that Section... TR ELA — REALTORS Seller's Disclosure Notice APPROVED BY THE TEXAS REAL ESTATE COMMISSION (TR ELA) — TREE TR ELA is a public law which establishes consumer protection for real property interests, property sales, and real estate transactions in Texas. It is also referred to as the “TR ELA” law. Under the Texas Real Estate Law, the “TR ELA” Disclosure Notice to Sellers and Buyers is required. This is a mandatory disclosure of the Seller's information, the seller's address, and the owner's information (which includes the number and age of the unit). The REALTORS Seller's Disclosure Notice is a mandatory disclosure form, and all sales of previously-acquired real property in Texas are required to be reported to the REALTORS as a result. TR ELA — REALTORS Seller's Disclosure Notice APPROVED BY THE TEXAS REAL ESTATE COMMISSION (TR ELA) — TREE REALTORS Seller's Disclosure Notice, July 2018. This notice is required only for sellers who are under contract for the sale of existing single family residences. It is necessary to inform the prospective buyer you're buying an existing house and the address of the owner.
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