Texas Occupations Code 1101.555 – Notice to Buyer Regarding Abstract or Title Policy
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Terms Used In Texas Occupations Code 1101.555
- Contract: A legal written agreement that becomes binding when signed.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
When an offer to purchase real estate in this state is signed, a license holder shall advise each buyer, in writing, that the buyer should:
(1) have the abstract covering the real estate that is the subject of the contract examined by an attorney chosen by the buyer; or
(2) be provided with or obtain a title insurance policy.