This detailed sample Texas Real Estate Consumer Notice Concerning Recognized Hazardscomplies with Texas law. Adapt the language to fit your facts and circumstances. Available in Word and Rich Text formats.
Texas Real Estate Consumer Notice Concerning Recognized Hazards
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Texas
Control #:
TX-1083
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Word;
Rich Text
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FAQ
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.
Consumer Protection Notice Facts:The new IABS and Consumer Protection Notice are statutorily required forms for consumer information to help ensure that consumers of Real Estate Services better understand how a broker or agent can represent them and where to find help if they need it.
What is the IABS? Texas law requires all brokers and sales agents to provide written notice regarding information about brokerage services at the first substantive communication with prospective buyers, tenants, sellers, and landlords concerning specific real property.
The Consumer Information Form 1-1 requires each active real estate broker to display prominently this form at each place of business (Section 531.18).
The Consumer Information Form 1-1 requires each active real estate broker to display prominently this form at each place of business (Section 531.18).
Basically when a prospective client meets or discusses specific things regarding a real estate property. This could mean exchanging information via email on a specific property or through a phone call or in person. What is the form? Commonly know as the IABS, this one page form must be given to the prospective client.
