Texas Real Estate Brokerage Sales Apprentice Education (SAE) Practice Exam

Do owners selling their own homes need to complete a seller’s disclosure?

1. Yes, it is a legal requirement

2. No, it is only required by the real estate community

3. Only for commercial properties

4. Only for properties over a certain value

The correct answer is: No, it is only required by the real estate community

In Texas, it is indeed a legal requirement for sellers to provide a seller’s disclosure of property conditions when selling a residential property, regardless of whether they are using a real estate agent or selling it themselves. The seller's disclosure is a critical document designed to inform potential buyers about the condition of the property and any known issues that may affect its value or livability. Although there may be a misconception that the requirement is only applicable to those within the real estate community, the truth is that all sellers are legally obligated to disclose known material defects in a residential property. This includes homeowners who choose to sell without a brokerage. When considering the context of the other options, options that mention restrictions based on property type or value further clarify that the requirement applies broadly to residential properties without exclusions for commercial properties or arbitrary price thresholds.