Texas Occupations Code 2026.003 – Financial Disclosure. Current as of: ... Each transaction that involves an acquisition or a transfer of a pecuniary interest in the racetrack association must receive prior approval from the commission.
(b) A license holder who represents a party in a proposed real estate transaction shall disclose, orally or in writing, that representation at the time of the license holder's first contact with: (1) another party to the transaction; or (2) another license holder …
Terms Used In Texas Occupations Code 1201.162. Lien: A claim against real or personal property in satisfaction of a debt.; Mortgagee: The person to whom property is mortgaged and who has loaned the money.; Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal …
Apr 14, 2021 · Texas Occupations Code - OCC § 1201.162. Disclosure by Retailer and Lender. ... the retailer must provide to the consumer a written disclosure in the form promulgated by the board. ... authority that fully complies with federal Truth in Lending disclosures concerning the terms of a manufactured housing transaction is exempt from the disclosure ...
Rules and Laws. Our license holders are governed by the Texas Real Estate License Act, the Inspector Act, the Residential Service Company Act, and the Timeshare Act. These Acts establish the makeup of the Commission and its advisory committees and outline procedures by which a person can become real estate license holders in Texas.
The Acts also describe TREC’s jurisdiction over license holders and registrants . TREC has the authority to adopt administrative rules to provide specificity to provisions of the Acts. TREC may also adopt rules to establish policy regarding certain practices. Both the Acts and TREC rules are a great resource for helping consumers know ...