A Seller's Disclosure Notice is a requirement of what?

The Seller's Disclosure Notice is a requirement outlined in the Texas Property Code. This legal framework mandates that sellers of residential properties provide buyers with a written disclosure concerning the condition of the property. The reason this requirement exists is to ensure that buyers are fully informed about any potential issues or defects that might affect their decision to purchase the property, thereby promoting transparency in real estate transactions.

While entities like the Texas Real Estate Commission do play a role in regulating real estate practices and ensuring compliance, the specific requirement for the Seller's Disclosure Notice originates directly from the Texas Property Code. This distinction is crucial because it highlights the legal obligation imposed on sellers and the protections afforded to buyers in Texas real estate transactions. Federal law and local ordinances do not specifically govern this aspect of property sales in Texas, making the Texas Property Code the definitive source for this requirement.