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Broker Lawyer Committee proposes contract changes including water‑rights addendum and updated paragraph on contributions
Summary
The Broker Lawyer Committee recommended multiple contract and form changes for public comment, including adding Emancipation Day to the legal‑holiday definition, five extra seller‑disclosure fields (insurance, windstorm, large tanks, conservation easement, adjoining private road) and a new groundwater addendum with trigger points; staff will publish the redlines for comment.
The Texas Real Estate Commission heard a detailed presentation from the Broker Lawyer Committee on proposed changes to standard contract forms and associated definitions and recommended that staff publish the draft language for public comment.
Committee co‑chair John George said the package ranges from minor wording edits to substantive additions required by a Sunset Commission special purpose review. Notable changes include a legal‑holiday definition expanded to include Emancipation Day, and five additional seller‑disclosure items the Sunset review asked staff to draft: whether the property is…
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