Get Form 37-1, Subdivision Information, Including Resale Certificate For ...

The two resale certificates currently promulgated by TREC are the Condominium Resale Certificate and the Subdivision Information, Including resale Certificate for Property Subject to Mandatory Membership in an Owner's Association.

TAR 2504 Texas Real Estate Consumer Notice Concerning Hazards or Repairs may be given to a buyer or seller advising the parties of recognized hazards that an inspector is to call out as "in need of repair" such as the lack of GFCIs, improperly installed water heaters, and faulty temperature and pressure relief valves.

The resale certificate is the seller's evidence as to why sales tax was not collected on that transaction and should be retained in the seller's books and records for four years.

Texas HOA laws require a resale certificate for real estate closings. It is important to make sure you received the complete package in a timely manner. Every HOA is different, however, and it may be difficult to contact them quickly.

All homeowners, even the board members, pay HOA fees.

The resale certificate provides specific information about the home you are buying and its standing in the community association. It includes any past due payments to the association, pending violations, unpaid violations, unpaid special assessments and fees that are due upon closing.

The cost for obtaining a resale certificate in Texas is capped at $375. Since it is the seller's responsibility to provide it, the seller typically pays this expense at the time it is ordered. HOA management companies usually expect payment upfront before they will process an order.