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If the sellers learn of new information about their property after providing the seller’s disclosure notice, do the sellers have a duty to provide the new information to the buyers under the current contract? – Texas REALTORS®-2021十大正规彩票app

If the sellers learn of new information about their property after providing the seller’s disclosure notice, do the sellers have a duty to provide the new information to the buyers under the current contract?

November 25, 2017

By TAR Staff

Yes, sellers are required by law to disclose any known material information about the property’s condition—even if those conditions are revealed after the completion of the seller’s disclosure notice. While the Texas Property Code does not create a continuing duty or obligation to update the Seller’s Disclosure Notice, if information in the notice is no longer true, the seller may have a common-law duty to correct any misstatements or false impressions. The Texas REALTORS® Update to Seller’s Disclosure Notice (TXR 1418) form can be used to provide the newly discovered property information to prospective buyers.