Seller Disclosure Exemptions
There are eleven (11) Sellers who are exempt from the requirements of Section 5.008 of the Texas Property Code.
They are:
- Seller of residential property consisting of more than One dwelling unit.
- New home or builder exemption
- Trustee or executor of an estate exemption
- By a Trustee in a bankruptcy case
- By an executor of a will selling the Property
- Foreclosure Sale
- Relocation Company, unless the Relocation Company is the Seller.
- To or from any governmental entity
- From one co-owner to one or more other co-owners
- Made to a spouse or to a person or persons in the lineal line of consanguinity of one or more of the transfers
- Between spouses resulting from a decree of dissolution of marriage or a decree of legal separation or from a property settlement agreement to such a decree.
- Of real property where the value of any dwelling does not exceed five (5%) percent of the value of the property.