"IABS" Information About Brokerage Services

Real estate brokers and salespersons are required to provide the Information About Brokerage Services Form, or a form that contains the statutorily prescribed text within this notice, upon their 1st SUBSTANTIATIVE DISCUSSION relating to a specific piece of property (unless excepted) with a party. Serves ONLY AS INFORMATION and is NOT AN AGREEMENT TO REPRESENT any party or a disclosure of who the broker or salesman represents.

One to Four Family Residential Contract (Resale)

 

Addendum for Property Subject to Mandatory Membership in a Property Owners Association

Designed to be used when selling a property other than a condominium that is subject to a mandatory assessment. May be used in transactions involving townhomes, patio homes, garden homes, or any 1-4 single family property in which mandatory periodic fees are paid to an owners’ association. Transactions involving single family dwellings located in subdivisions in which monthly, quarterly, semi-annual, or annual mandatory payments are to be made to an owners’ association may find this form applicable. This addendum refers to the Subdivision Information (TAR 1923).

Third Party Financing Addendum

 

Non-Realty Items Addendum

Designed to be used when personal property is to be conveyed with the real property. May be used in all types of transactions for the sale of real property.

Residential Real Property Affidavit T-47

If the seller agrees to provide the buyer with a copy of an existing survey, the provision in the TREC contract forms requires the seller to also deliver the affidavit to the buyer and to the title company. The T-47 affidavit is promulgated by the Texas Dept. of Insurance. The listing broker may provide the form of the affidavit to the seller for the seller to complete, sign, and return.

Addendum For Seller's Disclosure of Information On Lead-Based Paint and Lead-Based Paint Hazards

To be attached to a TREC contract form if the property was built before 1978. May also be used in commercial sales of multi-family properties built before 1978. Assists seller and brokers in complying with Lead-Based Paint Hazard Reduction Act. The seller must disclose any knowledge of lead-based paint or hazards in the property, provide the buyer with copies of any records or reports pertaining to lead-based paint or hazards in the property, provide the buyer with a copy of the EPA approved pamphlet entitled, "Protect Your Family From Lead in Your Home," and permit the buyer an opportunity to inspect the property for lead-based paint and hazards.

Buyer's Walk-Through and Acceptance Form

Designed as memo of Buyer's decision to -or- not to "walk through" the property prior to closing. It is suggested to use the form after any required repairs have been completed and shortly before closing. The form may be used in all types of transactions. If any required repairs are not yet complete, the buyer should not sign the form and the parties should determine how the incomplete repairs will be completed or if the contract should be amended.

Notice to Prospective Buyer