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TX HB5642
Bill
Status
3/14/2025
Primary Sponsor
Josey Garcia
Click for details
AI Summary
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Requires licensed real estate agents to provide written notice about transfer on death deeds to parties at their first substantive communication regarding a proposed residential property purchase, with the notice printed in at least 10-point font
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The required notice must describe transfer on death deeds, including their benefits, impact on wills, and consequences of an owner dying without a will or transfer on death deed, plus information about executing such deeds at closing
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Applies to residential real property including single-family homes, duplexes, triplexes, quadraplexes, and condominium or cooperative units
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License holders must maintain a link to the notice prominently on their advertising websites and must advise buyers in writing at the time of signing a purchase offer that they may execute a transfer on death deed
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Texas Real Estate Commission must adopt implementing rules by December 1, 2025, with the requirements taking effect January 1, 2026
Legislative Description
Relating to the disclosure of information regarding a transfer on death deed in certain residential real property transactions.
Property Interests
Last Action
Left pending in subcommittee
5/5/2025