Seller's Disclosure Notice
The statutory Texas form on which a seller of most residential property discloses the property's known condition to the buyer.
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What does Seller's Disclosure Notice mean on the Texas real estate exam?
Answer: The statutory Texas form on which a seller of most residential property discloses the property's known condition to the buyer.
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Seller's Disclosure Notice definition
The Seller's Disclosure Notice is the statutory form a seller of most residential real property in Texas must give the buyer, disclosing the known condition of the property, such as the status of systems, known defects, and other conditions the form asks about. The Texas Property Code requires it for most one-to-four-family residential sales, with statutory exemptions, such as certain sales by an estate or a foreclosing lienholder.
The notice is the seller's disclosure, completed to the best of the seller's knowledge, and it is separate from the federal lead-based-paint disclosure. It does not replace a buyer's inspection.
Source basis
Definition checked against the official sources below on .
On the exam
Exam trap
Tested in
Disclosures & Environmental (9 of 80 National)
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Try 5 free questionsThis definition is Texas real estate exam-prep education, not legal, tax, or professional advice. Verify current rules against the official source before relying on them for a real transaction. Back to the full glossary.