Texas Real Estate

Any fact about a property that might influence the decision of a purchaser

Any property where there has been a murder, alleged haunting, or in the vicinity of the residence of a known sexual offender

A federal law requiring all states to release information to the public about known convicted sex offenders when necessary to protect the public's safety

Marketing using adjectives an opinions - not facts or details

A statement of property condition provided to prospective buyers by the seller

A federal law regulating the sale of land in one state to buyers in another state with the purpose of preventing fraud in the marketing of land - developers must provide a property report to prospective buyers and tenants

A 10 year warranty plan from the home owners warranty corporation covering defects in material, faulty workmanship and structural problems, available on new contruction

A one year renewable policy for home buyers of existing homes covering such items as heating, air conditioning, electrical, plumbing and appliances

A naturally occurring colorless and odorless gas produced by the decay of radioactive materials in rocks under the ground

The term that describes methods used to lower levels of radon in homes and other buildings

An insulating material used on pipes, chimneys and in roof, siding and flooring - the dust is extremely hazardous

The term that describes methods used to handle the control of asbestos found in a property

To contain, as in an asbestos abatement plan

Urea formaldehyde foam insulation - moisture causes the release of hazardous gas

Contaminant found in paint, pipes and soil - hazardous when eaten or inhaled

Notice to prospective buyers and tenants that there may be lead on a property - must be provided for all properties built before 1978

A possible cause of groundwater contamination - licensees should disclosure what they know and recommend water testing

Electro magnetic fields - high tension pwer lines - must be disclosed to prospective buyers

Comprehensive Environmental Response Compensation and Liability Act - created the superfund to help pay for spills and set guidelines for liability for cleanup of hazardous materials - strict, joint and several, and retroactive